Bearish flow noted in Hess Corp. with 13,492 puts trading, or 7x expected. Most active are 4/6 weekly 132 puts and 4/6 weekly 134 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 6.51, while ATM IV is up over 1 point on the day. Earnings are expected on April 26th.
Published first on TheFly
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