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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 1,708 puts trading, or 1.2x expected. Most active are Nov-24 8 puts and Nov-24 13 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.82, while ATM IV is up nearly 13 points on the day. Earnings are expected on November 7th.

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