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Scorpio Tankers put volume heavy and directionally bearish

Scorpio Tankers put volume heavy and directionally bearish

Bearish flow noted in Scorpio Tankers with 3,326 puts trading, or 4x expected. Most active are 2/23 weekly 65 puts and 1/26 weekly 67 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 3.16, while ATM IV is up over 1 point on the day. Earnings are expected on February 15th.

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