Bearish flow noted in Ferroglobe with 1,011 puts trading, or 1.0x expected. Most active are Apr-24 5 puts and May-24 6 calls, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 34.86, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 7th.
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