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Carrier Global put volume heavy and directionally bearish

Bearish flow noted in Carrier Global (CARR) with 13,138 puts trading, or 11x expected. Most active are Mar-26 55 puts and Apr-26 60 puts, with total volume in those strikes near 11,600 contracts. The Put/Call Ratio is 23.29, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 30th.

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