Comerica put volume heavy and directionally bearish
The Fly

Comerica put volume heavy and directionally bearish

Bearish flow noted in Comerica with 1,983 puts trading, or 1.4x expected. Most active are Feb-24 50 puts and Feb-24 42.5 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 5.75, while ATM IV is up over 1 point on the day. Earnings are expected on April 18th.

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