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AstraZeneca put volume heavy and directionally bearish

Bearish flow noted in AstraZeneca (AZN) with 10,034 puts trading, or 5x expected. Most active are Apr-25 72 puts and Apr-25 70 puts, with total volume in those strikes near 8,200 contracts. The Put/Call Ratio is 4.98, while ATM IV is up over 1 point on the day. Earnings are expected on April 29th.

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