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Comcast put volume heavy and directionally bearish

Bearish flow noted in Comcast with 17,735 puts trading, or 1.7x expected. Most active are 3/8 weekly 42.5 puts and 4/5 weekly 38 puts, with total volume in those strikes near 9,000 contracts. The Put/Call Ratio is 3.11, while ATM IV is up over 4 points on the day. Earnings are expected on April 25th.

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