Phillips 66 put volume heavy and directionally bearish (TheFlyOnTheWall)
FLY ON THE WALL 12:16 PM ET 3/21/2017
Bearish flow noted in Phillips 66 with 8,867 puts trading, or 8x expected. Most active are Apr-17 79 puts and Jan-18 60 puts, with total volume in those strikes near 7,700 contracts. The Put/Call Ratio is 10.61, while ATM IV is up over 2 points on the day. Earnings are expected on April 28th.