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Chesapeake Energy put volume heavy and directionally bearish
The Fly

Chesapeake Energy put volume heavy and directionally bearish

Bearish flow noted in Chesapeake Energy with 7,259 puts trading, or 4x expected. Most active are Sep-23 85 puts and Nov-23 80 puts, with total volume in those strikes near 5,300 contracts. The Put/Call Ratio is 4.68, while ATM IV is up over 1 point on the day. Earnings are expected on October 31st.

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