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EQT Corporation put volume heavy and directionally bearish

Bearish flow noted in EQT Corporation (EQT) with 8,341 puts trading, or 1.8x expected. Most active are Jan-26 33 puts and Apr-25 45 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 1.96, while ATM IV is up over 2 points on the day. Earnings are expected on April 29th.

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