Bearish flow noted in Intuitive Machines Inc with 1,159 puts trading, or 2x expected. Most active are Apr-24 5 puts and 4/12 weekly 5 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.79, while ATM IV is up nearly 14 points on the day. Earnings are expected on May 9th.
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