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Capital One put volume heavy and directionally bearish

Capital One put volume heavy and directionally bearish

Bearish flow noted in Capital One with 5,908 puts trading, or 1.7x expected. Most active are 3/22 weekly 135 puts and Mar-24 140 calls, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 1.52, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.

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