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Corebridge Financial put volume heavy and directionally bearish

Bearish flow noted in Corebridge Financial with 3,170 puts trading, or 1.2x expected. Most active are May-24 30 puts and Jul-24 27 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 13.10, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 2nd.

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