Bearish flow noted in Schlumberger with 4,755 puts trading, or 1.9x expected. Most active are Mar-26 47.5 puts and Mar-26 47 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 1.81, while ATM IV is up over 4 points on the day. Earnings are expected on May 1st.
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