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Mastercard put volume heavy and directionally bearish

Mastercard put volume heavy and directionally bearish

Bearish flow noted in Mastercard (MA) with 3,430 puts trading, or 1.2x expected. Most active are May-25 570 puts and 2/28 weekly 550 puts, with total volume in those strikes near 660 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 1 point on the day. Earnings are expected on April 30th.

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