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EQT Corporation put volume heavy and directionally bearish

Bearish flow noted in EQT Corporation (EQT) with 5,148 puts trading, or 1.7x expected. Most active are Jun-25 48 puts and May-25 50 puts, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 3.50, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 29th.

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