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NextDecade Corp put volume heavy and directionally bearish

Bearish flow noted in NextDecade (NEXT) Corp with 1,535 puts trading, or 3x expected. Most active are Jan-26 7 puts and Jul-25 7 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 3.63, while ATM IV is up over 6 points on the day. Earnings are expected on May 5th.

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