New Fortress Energy put volume heavy and directionally bearish

Bearish flow noted in New Fortress Energy with 2,809 puts trading, or 2x expected. Most active are Nov-24 9 puts and Jan-25 15 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 2.05, while ATM IV is up over 1 point on the day. Earnings are expected on November 7th.

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