Vistra Energy put volume heavy and directionally bearish

Bearish flow noted in Vistra Energy with 3,360 puts trading, or 1.9x expected. Most active are Oct-24 48 puts and May-24 62.5 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 3.53, while ATM IV is up over 1 point on the day. Earnings are expected on May 8th.