Bearish flow noted in Wells Fargo with 30,224 puts trading, or 2x expected. Most active are Mar-24 47.5 puts and Feb-24 50 calls, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 1.80, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 12th.
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