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United Microelectronics put volume heavy and directionally bearish

Bearish flow noted in United Microelectronics with 2,573 puts trading, or 5x expected. Most active are Feb-26 9 puts and Feb-26 11 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 3.43, while ATM IV is up nearly 8 points on the day. Earnings are expected on April 29th.

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