Blackstone put volume heavy and directionally bearish
The Fly

Blackstone put volume heavy and directionally bearish

Bearish flow noted in Blackstone with 13,160 puts trading, or 1.2x expected. Most active are Apr-23 75 puts and 4/6 weekly 80 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 3.75, while ATM IV is up over 8 points on the day. Earnings are expected on April 20th.

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