Bearish flow noted in Suncor (SU) with 3,251 puts trading, or 1.3x expected. Most active are Aug-25 37 puts and May-25 37 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 3.13, while ATM IV is up over 1 point on the day. Earnings are expected on May 6th.
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