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Eaton put volume heavy and directionally bearish

Bearish flow noted in Eaton (ETN) with 5,262 puts trading, or 3x expected. Most active are 3/27 weekly 320 puts and 3/27 weekly 330 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 10.76, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 30th.

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