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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 1,653 puts trading, or 1.4x expected. Most active are Apr-24 56 puts and Apr-24 50 puts, with total volume in those strikes near 590 contracts. The Put/Call Ratio is 3.22, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 18th.

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