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Corebridge Financial put volume heavy and directionally bearish

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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