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Icici Bank put volume heavy and directionally bearish

Bearish flow noted in Icici Bank (IBN) with 1,538 puts trading, or 4x expected. Most active are Jun-25 34 puts and Jun-25 34 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.91, while ATM IV is up over 1 point on the day. Earnings are expected on July 26th.

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