Bearish flow noted in Blackstone with 22,653 puts trading, or 2x expected. Most active are May-23 79 puts and Jun-23 80 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 2.18, while ATM IV is up over 5 points on the day. Earnings are expected on July 20th.
Published first on TheFly
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