Bearish flow noted in New Fortress Energy (NFE) with 10,773 puts trading, or 1.0x expected. Most active are Dec-27 3 puts and Jun-25 10 calls, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 1.64, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 8th.
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