Bearish flow noted in Valero with 3,400 puts trading, or 1.0x expected. Most active are 1/13 weekly 115 puts and 1/13 weekly 124 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.90, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 26th.
Published first on TheFly
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