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Fastenal put volume heavy and directionally bearish

Bearish flow noted in Fastenal (FAST) with 2,055 puts trading, or 1.2x expected. Most active are Mar-26 45 puts and Mar-26 43.75 calls, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 4.96, while ATM IV is up over 1 point on the day. Earnings are expected on April 13th.

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