Bearish flow noted in Flagstar Financial (FLG)Inc with 1,309 puts trading, or 1.0x expected. Most active are Jan-26 12 puts and Apr-25 12 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.35, while ATM IV is up over 3 points on the day. Earnings are expected on May 1st.
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