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Antero Resources put volume heavy and directionally bearish

Bearish flow noted in Antero Resources (AR) with 1,457 puts trading, or 1.9x expected. Most active are Sep-25 37 puts and 4/11 weekly 41 calls, with total volume in those strikes near 860 contracts. The Put/Call Ratio is 1.71, while ATM IV is up nearly 5 points on the day. Earnings are expected on April 30th.

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