Ares Capital put volume heavy and directionally bearish
The Fly

Ares Capital put volume heavy and directionally bearish

Bearish flow noted in Ares Capital with 2,637 puts trading, or 1.3x expected. Most active are Jun-24 20 puts and Aug-24 19 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 22.54, while ATM IV is up over 2 points on the day. Earnings are expected on May 1st.

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