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YPF put volume heavy and directionally bearish

Bearish flow noted in YPF (YPF) with 1,468 puts trading, or 1.9x expected. Most active are Jan-25 30 puts and Dec-24 40 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 3.62, while ATM IV is up over 2 points on the day. Earnings are expected on March 6th.

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