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New Fortress Energy put volume heavy and directionally bearish
The Fly

New Fortress Energy put volume heavy and directionally bearish

Bearish flow noted in New Fortress Energy with 15,953 puts trading, or 2x expected. Most active are Nov-24 12 puts and Oct-24 10 puts, with total volume in those strikes near 10,800 contracts. The Put/Call Ratio is 36.26, while ATM IV is up nearly 5 points on the day. Earnings are expected on November 7th.

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