Bearish flow noted in Baxter with 3,638 puts trading, or 2.0x expected. Most active are Mar-23 40 puts and Jan-24 35 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 10.83, while ATM IV is up nearly 5 points on the day. Earnings are expected on February 9th.
Published first on TheFly
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