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First National Bank of Groton (NY) put volume heavy and directionally bearish

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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