Bearish flow noted in First National Bank of Groton (NY) with 5,492 puts trading, or 2x expected. Most active are Apr-26 32.5 puts and 4/24 weekly 36 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 1.62, while ATM IV is up over 2 points on the day. Earnings are expected on May 15th.
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