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Dow Chemical put volume heavy and directionally bearish

Dow Chemical put volume heavy and directionally bearish

Bearish flow noted in Dow Chemical with 6,045 puts trading, or 1.6x expected. Most active are Apr-25 32.5 puts and Jan-26 80 calls, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 2.74, while ATM IV is up over 2 points on the day. Earnings are expected on April 24th.

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