Bearish flow noted in US Bancorp with 4,916 puts trading, or 3x expected. Most active are 9/29 weekly 35 puts and Sep-23 34.5 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 3.13, while ATM IV is up over 3 points on the day. Earnings are expected on October 18th.
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