Bullish option flow detected in New Fortress Energy with 3,552 calls trading, 1.7x expected, and implied vol increasing almost 3 points to 54.65%. Aug-24 24 calls and Aug-24 22 calls are the most active options, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 0.36. Earnings are expected on August 8th.
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Read More on NFE:
- New Fortress Energy call volume above normal and directionally bullish
- New Fortress Energy expects to produce LNG in next 10 days
- New Fortress Energy put volume heavy and directionally bearish
- Unusually active option classes on open May 24th
- New Fortress Energy price target lowered to $33 from $35 at Deutsche Bank