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AbbVie put volume heavy and directionally bearish

Bearish flow noted in AbbVie with 2,165 puts trading, or 1.3x expected. Most active are Sep-24 165 puts and Apr-24 180 puts, with total volume in those strikes near 530 contracts. The Put/Call Ratio is 1.55, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.

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