Bearish flow noted in Campbell Soup with 7,342 puts trading, or 8x expected. Most active are 2/24 weekly 50 puts and 2/24 weekly 51 puts, with total volume in those strikes near 6,800 contracts. The Put/Call Ratio is 4.30, while ATM IV is up over 1 point on the day. Earnings are expected on March 8th.
Published first on TheFly
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