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Dollar Tree put volume heavy and directionally bearish

Bearish flow noted in Dollar Tree (DLTR) with 14,845 puts trading, or 1.8x expected. Most active are Apr-25 55 puts and Apr-25 50 puts, with total volume in those strikes near 10,700 contracts. The Put/Call Ratio is 2.41, while ATM IV is up over 5 points on the day. Earnings are expected on June 11th.

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