Bearish flow noted in AT&T (T) with 15,840 puts trading, or 1.2x expected. Most active are 4/11 weekly 28 puts and 4/4 weekly 25.5 puts, with total volume in those strikes near 11,300 contracts. The Put/Call Ratio is 1.91, while ATM IV is up over 1 point on the day. Earnings are expected on April 23rd.
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