Bearish flow noted in KeyCorp with 14,092 puts trading, or 8x expected. Most active are 7/26 weekly 16 puts and Aug-24 15 puts, with total volume in those strikes near 12,800 contracts. The Put/Call Ratio is 2.42, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 18th.
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