Bearish flow noted in AT&T (T) with 92,136 puts trading, or 5x expected. Most active are Mar-25 26 puts and 3/7 weekly 25.5 puts, with total volume in those strikes near 32,500 contracts. The Put/Call Ratio is 2.82, while ATM IV is up over 2 points on the day. Earnings are expected on April 23rd.
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