Bearish flow noted in Algoma Steel (ASTL) with 2,984 puts trading, or 1.2x expected. Most active are Aug-25 6 puts and May-25 5 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 34.70, while ATM IV is up over 14 points on the day. Earnings are expected on March 12th.
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