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Fifth Third put volume heavy and directionally bearish

Bearish flow noted in Fifth Third (FITB) with 1,173 puts trading, or 2x expected. Most active are Feb-26 50 puts and Mar-26 49 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.80, while ATM IV is up over 1 point on the day. Earnings are expected on April 17th.

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