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Archer Daniels put volume heavy and directionally bearish

Archer Daniels put volume heavy and directionally bearish

Bearish flow noted in Archer Daniels (ADM) with 3,234 puts trading, or 5x expected. Most active are Jun-25 45 puts and Apr-25 45 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 17.77, while ATM IV is up over 1 point on the day. Earnings are expected on April 29th.

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