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Fifth Third put volume heavy and directionally bearish

Bearish flow noted in Fifth Third with 1,023 puts trading, or 1.3x expected. Most active are May-24 31 puts and Feb-24 31 puts, with total volume in those strikes near 640 contracts. The Put/Call Ratio is 6.47, while ATM IV is up over 2 points on the day. Earnings are expected on April 19th.

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