Bearish flow noted in YPF (YPF) with 2,024 puts trading, or 1.4x expected. Most active are Dec-25 35 puts and Dec-25 37 puts, with total volume in those strikes near 970 contracts. The Put/Call Ratio is 1.78, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 5th.
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