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Ford put volume heavy and directionally bearish

Bearish flow noted in Ford (F) with 113,511 puts trading, or 1.9x expected. Most active are 3/28 weekly 9.85 puts and 3/28 weekly 10.35 calls, with total volume in those strikes near 55,900 contracts. The Put/Call Ratio is 1.76, while ATM IV is up over 2 points on the day. Earnings are expected on April 28th.

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