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Baxter put volume heavy and directionally bearish

Bearish flow noted in Baxter with 1,755 puts trading, or 2.0x expected. Most active are 8/11 weekly 43 puts and 8/11 weekly 42.5 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 3.97, while ATM IV is up over 1 point on the day. Earnings are expected on October 26th.

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