Diamondback Energy put volume heavy and directionally bearish
The Fly

Diamondback Energy put volume heavy and directionally bearish

Bearish flow noted in Diamondback Energy with 2,742 puts trading, or 2x expected. Most active are May-23 135 puts and Jun-23 136.34 calls, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 2.02, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 31st.

Published first on TheFly

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