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Comcast put volume heavy and directionally bearish

Bearish flow noted in Comcast (CMCSA) with 9,628 puts trading, or 2x expected. Most active are Mar-26 27.5 puts and Jan-26 25 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 2.35, while ATM IV is up over 1 point on the day. Earnings are expected on January 29th.

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