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AIG put volume heavy and directionally bearish

Bearish flow noted in AIG with 25,685 puts trading, or 20x expected. Most active are Feb-24 65 puts and Feb-24 68 puts, with total volume in those strikes near 20,200 contracts. The Put/Call Ratio is 13.84, while ATM IV is up over 2 points on the day. Earnings are expected on February 13th.

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