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EQT Corporation put volume heavy and directionally bearish

Bearish flow noted in EQT Corporation (EQT) with 7,182 puts trading, or 2x expected. Most active are Mar-25 45 puts and 3/28 weekly 36 puts, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 2.68, while ATM IV is up over 1 point on the day. Earnings are expected on April 29th.

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