Bearish flow noted in ArcelorMittal (MT) with 2,420 puts trading, or 5x expected. Most active are Mar-25 32 puts and 3/14 weekly 34 calls, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 3.68, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
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