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Raytheon Technologies put volume heavy and directionally bearish

Bearish flow noted in Raytheon Technologies with 8,159 puts trading, or 3x expected. Most active are Feb-25 122 puts and Feb-25 125 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 1.82, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 29th.

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