Bearish flow noted in US Bancorp with 2,627 puts trading, or 1.6x expected. Most active are Sep-23 35 puts and 9/1 weekly 36.5 calls, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 1 point on the day. Earnings are expected on October 18th.
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