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AstraZeneca put volume heavy and directionally bearish

Bearish flow noted in AstraZeneca with 4,352 puts trading, or 2x expected. Most active are 3/22 weekly 66 puts and 3/28 weekly 66 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 4.60, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.

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