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KeyCorp put volume heavy and directionally bearish

Bearish flow noted in KeyCorp with 11,286 puts trading, or 7x expected. Most active are Jan-25 17 puts and Mar-25 16 puts, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 1.53, while ATM IV is up nearly 6 points on the day. Earnings are expected on October 17th.

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