Bearish flow noted in YPF (YPF) with 1,271 puts trading, or 1.1x expected. Most active are Jan-27 15 puts and May-25 29 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 3.18, while ATM IV is up over 2 points on the day. Earnings are expected on May 7th.
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