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Agnico Eagle put volume heavy and directionally bearish

Bearish flow noted in Agnico Eagle (AEM) with 1,793 puts trading, or 1.3x expected. Most active are 4/10 weekly 205 puts and Jul-26 175 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 4.57, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 30th.

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