Bearish flow noted in Wells Fargo with 8,102 puts trading, or 1.0x expected. Most active are 2/23 weekly 46.5 puts and Nov-24 30 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 1 point on the day. Earnings are expected on April 12th.
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