Bearish flow noted in New Fortress Energy (NFE) with 17,295 puts trading, or 14x expected. Most active are Dec-25 5 puts and May-25 6 puts, with total volume in those strikes near 15,100 contracts. The Put/Call Ratio is 19.05, while ATM IV is up nearly 14 points on the day. Earnings are expected on May 8th.
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