Bearish flow noted in New Fortress Energy (NFE) with 3,144 puts trading, or 2x expected. Most active are Mar-25 11 puts and 3/7 weekly 12 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 4.32, while ATM IV is up nearly 5 points on the day. Earnings are expected on February 27th.
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