Bearish flow noted in New Fortress Energy (NFE) with 20,992 puts trading, or 4x expected. Most active are Sep-25 10 puts and May-25 6 puts, with total volume in those strikes near 11,000 contracts. The Put/Call Ratio is 15.11, while ATM IV is up over 1 point on the day. Earnings are expected on May 8th.
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