Bearish flow noted in US Bancorp with 3,956 puts trading, or 2x expected. Most active are Jan-25 47.5 puts and Dec-24 50 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 2.69, while ATM IV is up over 1 point on the day. Earnings are expected on January 16th.
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