Bearish flow noted in Western Alliance with 8,246 puts trading, or 1.9x expected. Most active are 3/24 weekly 30.5 puts and Apr-23 60 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.62, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 20th.
Published first on TheFly
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