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General Motors put volume heavy and directionally bearish

Bearish flow noted in General Motors (GM) with 21,471 puts trading, or 3x expected. Most active are 4/4 weekly 46 puts and 4/25 weekly 46 calls, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 2.06, while ATM IV is up over 6 points on the day. Earnings are expected on April 29th.

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