Zions Bancorp put volume heavy and directionally bearish

Bearish flow noted in Zions Bancorp with 2,698 puts trading, or 3x expected. Most active are Apr-24 41 puts and Apr-24 44 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 23.46, while ATM IV is up over 1 point on the day. Earnings are expected on April 22nd.

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