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Harley Davidson put volume heavy and directionally bearish

Bearish flow noted in Harley Davidson with 6,812 puts trading, or 15x expected. Most active are 4/5 weekly 42 puts and 4/5 weekly 41 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 7.30, while ATM IV is up over 2 points on the day. Earnings are expected on April 25th.

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