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Comcast put volume heavy and directionally bearish

Bearish flow noted in Comcast (CMCSA) with 11,831 puts trading, or 1.1x expected. Most active are 4/4 weekly 35 puts and Aug-25 37.5 calls, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 1.79, while ATM IV is up nearly 8 points on the day. Earnings are expected on April 24th.

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