Bearish flow noted in Lumen (LUMN) Technologies with 10,770 puts trading, or 2x expected. Most active are Apr-25 3 puts and Dec-25 5 calls, with total volume in those strikes near 10,000 contracts. The Put/Call Ratio is 1.90, while ATM IV is up nearly 5 points on the day. Earnings are expected on April 29th.
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