Bearish flow noted in Hess Corp. with 2,825 puts trading, or 2.0x expected. Most active are 3/1 weekly 120 puts and 2/9 weekly 147 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 9.03, while ATM IV is up over 2 points on the day. Earnings are expected on May 1st.
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Read More on HES:
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