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AstraZeneca put volume heavy and directionally bearish

Bearish flow noted in AstraZeneca with 1,863 puts trading, or 3x expected. Most active are 1/12 weekly 66 puts and 1/12 weekly 68 calls, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 4.61, while ATM IV is up over 1 point on the day. Earnings are expected on February 8th.

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