Bearish flow noted in Blackstone (BX) with 8,687 puts trading, or 1.2x expected. Most active are 5/1 weekly 116 puts and May-26 115 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 2.13, while ATM IV is up over 1 point on the day. Earnings are expected on July 23rd.
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