Bearish flow noted in Zions Bancorp with 5,714 puts trading, or 4x expected. Most active are Apr-23 20 puts and Apr-23 17.5 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 3.67, while ATM IV is up nearly 15 points on the day. Earnings are expected on April 19th.
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Published first on TheFly
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