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Signet Jewelers put volume heavy and directionally bearish

Bearish flow noted in Signet Jewelers with 1,386 puts trading, or 1.7x expected. Most active are Jan-24 100 puts and Apr-24 105 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 7.66, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 14th.

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