Bearish flow noted in ArcelorMittal with 1,404 puts trading, or 1.4x expected. Most active are Jun-23 28 puts and Dec-23 28 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 14.04, while ATM IV is up over 1 point on the day. Earnings are expected on May 4th.
Published first on TheFly
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