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Hess Corp. put volume heavy and directionally bearish
The Fly

Hess Corp. put volume heavy and directionally bearish

Bearish flow noted in Hess Corp. with 4,895 puts trading, or 1.5x expected. Most active are May-24 130 puts and Feb-24 145 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 23.65, while ATM IV is up over 1 point on the day. Earnings are expected on January 24th.

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