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Hess Corp. put volume heavy and directionally bearish

Bearish flow noted in Hess Corp. with 5,976 puts trading, or 2x expected. Most active are Aug-24 140 puts and Jul-24 150 calls, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 3.45, while ATM IV is up over 2 points on the day. Earnings are expected on July 31st.

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