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.
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Published first on TheFly
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