Bearish flow noted in AT&T with 43,019 puts trading, or 8x expected. Most active are 2/23 weekly 16.5 puts and 2/23 weekly 16 puts, with total volume in those strikes near 16,400 contracts. The Put/Call Ratio is 1.70, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 18th.
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