Bearish flow noted in US Bancorp with 4,594 puts trading, or 2x expected. Most active are Sep-24 45.5 calls and Sep-24 44.5 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 1.51, while ATM IV is up over 1 point on the day. Earnings are expected on October 16th.
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