Bearish flow noted in US Bancorp with 14,325 puts trading, or 3x expected. Most active are Apr-24 42.5 puts and 3/8 weekly 43.5 puts, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 4.38, while ATM IV is up over 1 point on the day. Earnings are expected on April 17th.
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