Bearish flow noted in EOG Resources with 3,135 puts trading, or 1.6x expected. Most active are Apr-23 113.5 puts and Apr-23 120 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.66, while ATM IV is up over 2 points on the day. Earnings are expected on May 4th.
Published first on TheFly
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