First Horizon put volume heavy and directionally bearish
The Fly

First Horizon put volume heavy and directionally bearish

Bearish flow noted in First Horizon with 2,885 puts trading, or 4x expected. Most active are Dec-23 9 puts and Nov-23 10 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 1.78, while ATM IV is up over 3 points on the day. Earnings are expected on October 17th.

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