Bearish flow noted in Teck Resources with 7,086 puts trading, or 3x expected. Most active are Aug-23 29 puts and Apr-23 36 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 4.71, while ATM IV is up nearly 5 points on the day. Earnings are expected on April 26th.
Published first on TheFly
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