The Fly

Abbott put volume heavy and directionally bearish

Bearish flow noted in Abbott with 3,978 puts trading, or 1.1x expected. Most active are 12/2 weekly 108 puts and 12/2 weekly 99 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.61, while ATM IV is up over 1 point on the day. Earnings are expected on January 25th.

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