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AstraZeneca put volume heavy and directionally bearish

Bearish flow noted in AstraZeneca with 2,799 puts trading, or 2x expected. Most active are 11/25 weekly 63 puts and 11/11 weekly 61 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 2.89, while ATM IV is up over 1 point on the day. Earnings are expected on February 9th.

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Published first on TheFly

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