Bearish flow noted in US Bancorp with 9,027 puts trading, or 3x expected. Most active are 8/23 weekly 41 calls and 8/23 weekly 40 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 2.21, while ATM IV is up nearly 4 points on the day. Earnings are expected on October 16th.
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