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New Fortress Energy put volume heavy and directionally bearish

New Fortress Energy put volume heavy and directionally bearish

Bearish flow noted in New Fortress Energy (NFE) with 3,144 puts trading, or 2x expected. Most active are Mar-25 11 puts and 3/7 weekly 12 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 4.32, while ATM IV is up nearly 5 points on the day. Earnings are expected on February 27th.

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