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ConAgra put volume heavy and directionally bearish

Bearish flow noted in ConAgra with 1,555 puts trading, or 1.3x expected. Most active are Feb-25 24.5 puts and Jun-25 27 calls, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 2.25, while ATM IV is up over 1 point on the day. Earnings are expected on April 3rd.

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