Bearish flow noted in Rio Tinto with 2,623 puts trading, or 4x expected. Most active are Apr-23 65 puts and Mar-23 70 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 3.19, while ATM IV is up over 1 point on the day. Earnings are expected on July 26th.
Published first on TheFly
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