Bullish flow in Kenvue Inc with shares up 4.7%

Bullish flow in Kenvue Inc (KVUE), with shares up 76c, or 4.7%, near $16.84. Options volume roughly in line with average with 139k contracts traded and calls leading puts for a put/call ratio of 0.13, compared to a typical level near 0.46. Implied volatility (IV30) is higher by 4.3 points near 57.96, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.61. Put-call skew flattened, suggesting a modestly bullish tone.