Bearish flow noted in New Fortress Energy (NFE) with 6,336 puts trading, or 4x expected. Most active are May-25 5.5 puts and May-25 8 calls, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 3.37, while ATM IV is up over 19 points on the day. Earnings are expected on May 14th.
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