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Vistra Energy put volume heavy and directionally bearish

Bearish flow noted in Vistra (VST) Energy with 9,548 puts trading, or 3x expected. Most active are May-26 125 puts and 4/24 weekly 175 calls, with total volume in those strikes near 7,300 contracts. The Put/Call Ratio is 1.71, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 7th.

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