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Carrier Global put volume heavy and directionally bearish

Bearish flow noted in Carrier Global (CARR) with 8,062 puts trading, or 6x expected. Most active are Mar-26 50 puts and Mar-26 65 calls, with total volume in those strikes near 8,000 contracts. The Put/Call Ratio is 68.32, while ATM IV is up over 1 point on the day. Earnings are expected on April 30th.

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