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 1,390 puts trading, or 1.5x expected. Most active are Jan-24 115 puts and Jan-25 75 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 7.55, while ATM IV is up over 1 point on the day. Earnings are expected on January 31st.

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