Bearish flow noted in Valley National with 34,783 puts trading, or 20x expected. Most active are Feb-24 7 puts and Mar-24 6 puts, with total volume in those strikes near 12,700 contracts. The Put/Call Ratio is 86.74, while ATM IV is up nearly 38 points on the day. Earnings are expected on April 25th.
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Read More on VLY:
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