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Corebridge Financial put volume heavy and directionally bearish

Bearish flow noted in Corebridge Financial with 1,532 puts trading, or 1.3x expected. Most active are May-24 25 puts and Oct-24 22.5 calls, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 306, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 3rd.

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