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Taiwan Semi put volume heavy and directionally bearish

Taiwan Semi put volume heavy and directionally bearish

Bearish flow noted in Taiwan Semi with 25,286 puts trading, or 1.4x expected. Most active are Apr-25 190 puts and 2/28 weekly 190 puts, with total volume in those strikes near 11,300 contracts. The Put/Call Ratio is 1.82, while ATM IV is up over 1 point on the day. Earnings are expected on April 17th.

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