Bearish flow noted in Altria Group with 12,505 puts trading, or 8x expected. Most active are Jun-24 44.5 puts and 6/28 weekly 45 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 2.38, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 31st.
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