Sibanye Stillwater put volume heavy and directionally bearish

Bearish flow noted in Sibanye Stillwater with 3,078 puts trading, or 6x expected. Most active are Oct-24 4 puts and May-24 6 calls, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 3.39, while ATM IV is up over 1 point on the day. Earnings are expected on August 29th.

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