Bearish flow noted in LyondellBasell (LYB) with 1,614 puts trading, or 1.4x expected. Most active are May-25 45 puts and Apr-25 80 calls, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.27, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.
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