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Scorpio Tankers put volume heavy and directionally bearish

Bearish flow noted in Scorpio Tankers with 3,326 puts trading, or 4x expected. Most active are 2/23 weekly 65 puts and 1/26 weekly 67 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 3.16, while ATM IV is up over 1 point on the day. Earnings are expected on February 15th.

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