Albemarle put volume heavy and directionally bearish
The Fly

Albemarle put volume heavy and directionally bearish

Bearish flow noted in Albemarle with 6,760 puts trading, or 1.1x expected. Most active are May-24 95 puts and May-24 140 calls, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 1.78, while ATM IV is up over 2 points on the day. Earnings are expected on July 31st.

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