Blackstone put volume heavy and directionally bearish
THE FLY 11:55 AM ET 5/24/2022
Bearish flow noted in Blackstone with 4,712 puts trading, or 1.3x expected. Most active are Sep-22 100 puts and 6/3 weekly 106 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 2.16, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 21st.