Bearish flow noted in Valaris (VAL) Limited with 3,380 puts trading, or 1.3x expected. Most active are May-25 40 puts and Jan-26 32.5 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 10.66, while ATM IV is up over 1 point on the day. Earnings are expected on April 30th.
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