Bearish flow noted in Schlumberger with 5,853 puts trading, or 2x expected. Most active are 5/24 weekly 49 puts and Apr-24 55 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 5.99, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 19th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
