Campbell Soup put volume heavy and directionally bearish
The Fly

Campbell Soup put volume heavy and directionally bearish

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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