Bearish flow noted in Valley National with 3,988 puts trading, or 2x expected. Most active are Sep-23 7 puts and Sep-23 10 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 9.36, while ATM IV is up over 5 points on the day. Earnings are expected on April 27th.
Published first on TheFly
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