Bearish flow noted in Western Alliance with 12,316 puts trading, or 3x expected. Most active are 6/30 weekly 28 puts and 6/23 weekly 35 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 1.63, while ATM IV is up nearly 9 points on the day. Earnings are expected on July 20th.
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Published first on TheFly
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