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.
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