Bearish flow noted in Altria Group with 12,761 puts trading, or 5x expected. Most active are 6/7 weekly 42 puts and Jun-24 45 calls, with total volume in those strikes near 11,400 contracts. The Put/Call Ratio is 4.37, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 31st.
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