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TJX put volume heavy and directionally bearish

Bearish flow noted in TJX (TJX) with 1,573 puts trading, or 1.0x expected. Most active are Jun-26 160 puts and Jul-26 160 puts, with total volume in those strikes near 830 contracts. The Put/Call Ratio is 1.51, while ATM IV is up over 2 points on the day. Earnings are expected on May 20th.

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