Ferroglobe put volume heavy and directionally bearish
The Fly

Ferroglobe put volume heavy and directionally bearish

Bearish flow noted in Ferroglobe with 3,419 puts trading, or 5x expected. Most active are Apr-24 5 puts and Jun-24 5 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 22.49, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 7th.

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