Bearish flow noted in New York Community Bancorp with 1,305 puts trading, or 1.4x expected. Most active are Jan-24 12 puts and Apr-24 11 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.58, while ATM IV is up over 1 point on the day. Earnings are expected on January 30th.
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