Bearish flow noted in Bank of America (BAC) with 41,127 puts trading, or 1.3x expected. Most active are Feb-26 60 calls and 2/13 weekly 54.5 puts, with total volume in those strikes near 9,000 contracts. The Put/Call Ratio is 1.60, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 15th.
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