Bearish flow noted in Charles Schwab (SCHW) with 14,955 puts trading, or 3x expected. Most active are 2/13 weekly 97 puts and 2/13 weekly 93 puts, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 2.64, while ATM IV is up nearly 6 points on the day. Earnings are expected on April 16th.
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