Bearish flow noted in Shell (SHEL) PLC with 2,124 puts trading, or 1.9x expected. Most active are Mar-25 65 puts and Jul-25 52.5 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.17, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHEL:
- Shell share price weakness a buying opportunity, says Argus
- Trump finding resistance to drill in oil market, WSJ reports
- Elon Musk’s X Adds More Companies to Ad-Boycott Lawsuit
- Exxon, Chevron betting part of their future in supplying energy, Bloomberg says
- White House announces President Trump imposes 25% tariff on Canada, Mexico