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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 1,362 puts trading, or 2x expected. Most active are Mar-24 33 puts and Apr-24 29 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.94, while ATM IV is up nearly 6 points on the day. Earnings are expected on May 1st.

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