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SL Green Realty put volume heavy and directionally bearish

Bearish flow noted in SL Green Realty with 3,108 puts trading, or 1.8x expected. Most active are Mar-24 42.5 puts and Mar-24 50 calls, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 3.16, while ATM IV is up over 3 points on the day. Earnings are expected on April 17th.

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