Bearish flow noted in US Bancorp with 3,570 puts trading, or 2x expected. Most active are Apr-24 37 puts and Jan-25 32.5 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 1.93, while ATM IV is up over 1 point on the day. Earnings are expected on April 17th.
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