Bearish flow noted in Wells Fargo (WFC) with 12,947 puts trading, or 1.2x expected. Most active are May-26 80 puts and Mar-26 90 puts, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 2.76, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 14th.
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