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Raytheon Technologies put volume heavy and directionally bearish

Bearish flow noted in Raytheon Technologies with 1,986 puts trading, or 1.0x expected. Most active are Jan-26 125 puts and Jan-26 130 puts, with total volume in those strikes near 860 contracts. The Put/Call Ratio is 2.11, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 22nd.

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