Bearish flow noted in KeyCorp (KEY) with 3,306 puts trading, or 1.3x expected. Most active are Apr-25 16 puts and Mar-25 15.5 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.50, while ATM IV is up over 3 points on the day. Earnings are expected on April 17th.
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