Bearish flow noted in Hess Corp. with 4,895 puts trading, or 1.5x expected. Most active are May-24 130 puts and Feb-24 145 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 23.65, while ATM IV is up over 1 point on the day. Earnings are expected on January 24th.
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