Bearish flow noted in Charles Schwab (SCHW) with 7,701 puts trading, or 1.7x expected. Most active are 4/2 weekly 70 puts and 3/27 weekly 94 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 2.78, while ATM IV is up over 1 point on the day. Earnings are expected on April 16th.
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