Bearish flow noted in Fifth Third with 18,548 puts trading, or 3x expected. Most active are Apr-23 20 puts and Apr-23 32 calls, with total volume in those strikes near 17,300 contracts. The Put/Call Ratio is 1.78, while ATM IV is up over 10 points on the day. Earnings are expected on April 20th.
Published first on TheFly
Read More on FITB: