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Truist Financial put volume heavy and directionally bearish

Bearish flow noted in Truist Financial (TFC) with 2,479 puts trading, or 2x expected. Most active are Apr-26 45 puts and Jun-26 47.5 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.70, while ATM IV is up over 1 point on the day. Earnings are expected on April 17th.

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