Bearish flow noted in Citizens Financial with 1,560 puts trading, or 1.8x expected. Most active are Oct-23 25 puts and Jan-25 22.5 puts, with total volume in those strikes near 910 contracts. The Put/Call Ratio is 2.64, while ATM IV is up nearly 4 points on the day. Earnings are expected on October 18th.
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Read More on CFG:
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- Citizens Financial price target raised to $34 from $28 at Wedbush
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