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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 (NFE) with 6,315 puts trading, or 1.6x expected. Most active are 12/13 weekly 10 puts and Jan-25 12 puts, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 3.84, while ATM IV is up over 9 points on the day. Earnings are expected on February 27th.

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