Enterprise Products put volume heavy and directionally bearish

Bearish flow noted in Enterprise Products (EPD) with 2,923 puts trading, or 1.1x expected. Most active are Jan-26 30 puts and 2/14 weekly 33 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 2.46, while ATM IV is up over 1 point on the day. Earnings are expected on April 29th.

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