Bearish flow noted in Rio Tinto (RIO) with 3,146 puts trading, or 2x expected. Most active are Apr-26 77.5 puts and Apr-26 90 calls, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 2.51, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 29th.
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