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Vertiv Holdings put volume heavy and directionally bearish

Bearish flow noted in Vertiv (VRT) Holdings with 5,425 puts trading, or 1.6x expected. Most active are 3/27 weekly 190 puts and Mar-26 265 calls, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 1.60, while ATM IV is up over 1 point on the day. Earnings are expected on April 29th.

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