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Amphenol put volume heavy and directionally bearish

Bearish flow noted in Amphenol (APH) with 2,127 puts trading, or 1.3x expected. Most active are Apr-26 125 puts and May-26 130 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 3.13, while ATM IV is up over 1 point on the day. Earnings are expected on April 29th.

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