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Corebridge Financial put volume heavy and directionally bearish

Bearish flow noted in Corebridge Financial with 2,080 puts trading, or 1.2x expected. Most active are Oct-24 20 puts and May-24 22.5 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 139, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 3rd.

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