Bearish flow noted in ArcelorMittal (MT) with 1,746 puts trading, or 1.5x expected. Most active are May-25 27 puts and Jun-25 28 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.13, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 2nd.
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