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Spirit AeroSystems put volume heavy and directionally bearish

Spirit AeroSystems put volume heavy and directionally bearish

Bearish flow noted in Spirit AeroSystems with 5,842 puts trading, or 5x expected. Most active are Apr-24 21 puts and 4/5 weekly 32 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 13.71, while ATM IV is up over 4 points on the day. Earnings are expected on May 1st.

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