Bearish flow noted in Valley National with 11,390 puts trading, or 7x expected. Most active are Sep-23 5 puts and Sep-23 8 puts, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 814, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 27th.
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Published first on TheFly
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