Bearish flow noted in US Bancorp with 2,899 puts trading, or 2.0x expected. Most active are Jan-24 40 puts and Jan-24 34 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 1.90, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 17th.
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