Bearish flow noted in Valero with 5,019 puts trading, or 1.4x expected. Most active are 2/24 weekly 130 puts and Jan-24 170 calls, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 1.56, while ATM IV is up over 1 point on the day. Earnings are expected on April 27th.
Published first on TheFly
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