Bearish flow noted in Bank of America (BAC) with 109,847 puts trading, or 4x expected. Most active are Jun-26 47 puts and May-26 49 puts, with total volume in those strikes near 55,500 contracts. The Put/Call Ratio is 1.67, while ATM IV is up over 1 point on the day. Earnings are expected on July 14th.
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