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V F Corp put volume heavy and directionally bearish

Bearish flow noted in V F Corp with 52,615 puts trading, or 7x expected. Most active are Mar-25 10 puts and May-24 15 calls, with total volume in those strikes near 55,200 contracts. The Put/Call Ratio is 2.40, while ATM IV is up over 6 points on the day. Earnings are expected on May 23rd.

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