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AIG put volume heavy and directionally bearish

Bearish flow noted in AIG with 2,597 puts trading, or 1.4x expected. Most active are Apr-24 72.5 puts and 4/26 weekly 75 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 4.18, while ATM IV is up over 1 point on the day. Earnings are expected on May 1st.

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