Bearish flow noted in New Fortress Energy (NFE) with 10,459 puts trading, or 10x expected. Most active are Jun-25 6 puts and Sep-25 6 puts, with total volume in those strikes near 7,700 contracts. The Put/Call Ratio is 12.63, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 14th.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFE:
- New Fortress Energy Amends Credit Agreements for Sale
- New Fortress Energy put volume heavy and directionally bearish
- NFE Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- New Fortress Energy price target lowered to $14 from $16 at Stifel
- New Fortress Energy call volume above normal and directionally bullish