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General Motors put volume heavy and directionally bearish

Bearish flow noted in General Motors (GM) with 9,823 puts trading, or 1.7x expected. Most active are Apr-25 48 puts and 4/4 weekly 55 calls, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 1.74, while ATM IV is up over 1 point on the day. Earnings are expected on April 29th.

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