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Hess Corp. put volume heavy and directionally bearish

Hess Corp. put volume heavy and directionally bearish

Bearish flow noted in Hess Corp. with 1,368 puts trading, or 1.0x expected. Most active are May-24 130 puts and May-24 110 puts, with total volume in those strikes near 980 contracts. The Put/Call Ratio is 3.07, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.

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