Bearish flow noted in Teck Resources with 4,185 puts trading, or 1.9x expected. Most active are Apr-23 36 puts and May-23 47 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 2.66, while ATM IV is up over 3 points on the day. Earnings are expected on April 26th.
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Published first on TheFly
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