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US Bancorp put volume heavy and directionally bearish

Bearish flow noted in US Bancorp with 4,622 puts trading, or 1.6x expected. Most active are Apr-26 47.5 puts and 4/2 weekly 44 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 2.52, while ATM IV is up over 1 point on the day. Earnings are expected on April 16th.

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