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Western Alliance put volume heavy and directionally bearish

Western Alliance put volume heavy and directionally bearish

Bearish flow noted in Western Alliance with 2,797 puts trading, or 1.9x expected. Most active are Mar-24 53 puts and Mar-24 50 puts, with total volume in those strikes near 880 contracts. The Put/Call Ratio is 3.24, while ATM IV is up nearly 4 points on the day. Earnings are expected on April 16th.

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