Bearish flow noted in Albemarle with 2,924 puts trading, or 1.2x expected. Most active are Jan-25 115 puts and 4/5 weekly 122 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 2.04, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 1st.
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