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Vistra Energy put volume heavy and directionally bearish

Bearish flow noted in Vistra (VST) Energy with 5,196 puts trading, or 1.0x expected. Most active are Jun-26 130 puts and Apr-26 130 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 1.86, while ATM IV is up over 1 point on the day. Earnings are expected on May 7th.

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