Bearish flow noted in Flagstar Financial (FLG) Inc with 15,288 puts trading, or 10x expected. Most active are May-25 9 puts and Jul-25 10 puts, with total volume in those strikes near 11,500 contracts. The Put/Call Ratio is 16.21, while ATM IV is up nearly 9 points on the day. Earnings are expected on April 25th.
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- Flagstar Financial Inc put volume heavy and directionally bearish