Bearish flow noted in KeyCorp (KEY) with 11,625 puts trading, or 5x expected. Most active are 11/29 weekly 19.5 puts and 11/29 weekly 20.5 calls, with total volume in those strikes near 11,200 contracts. The Put/Call Ratio is 4.74, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 21st.
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