AGNC Investment Corp. put volume heavy and directionally bearish

Bearish flow noted in AGNC Investment (AGNC) Corp. with 20,942 puts trading, or 2x expected. Most active are Sep-25 9 puts and Sep-25 10 calls, with total volume in those strikes near 17,800 contracts. The Put/Call Ratio is 3.33, while ATM IV is up over 5 points on the day. Earnings are expected on April 21st.

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