Realty Income put volume heavy and directionally bearish
The Fly

Realty Income put volume heavy and directionally bearish

Bearish flow noted in Realty Income with 2,872 puts trading, or 3x expected. Most active are Mar-24 52.5 puts and Mar-24 50 (nonstd O1) puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 4.27, while ATM IV is up over 2 points on the day. Earnings are expected on May 1st.

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