Bearish flow noted in AES Corp. (AES) with 3,499 puts trading, or 3x expected. Most active are May-25 12 puts and Aug-25 11 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 2.08, while ATM IV is up over 3 points on the day. Earnings are expected on May 8th.
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