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Amkor Technology put volume heavy and directionally bearish

Bearish flow noted in Amkor Technology (AMKR) with 4,900 puts trading, or 1.9x expected. Most active are May-26 65 puts and May-26 35 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 2.05, while ATM IV is up over 5 points on the day. Earnings are expected on April 27th.

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