Bearish flow noted in Campbell Soup with 4,477 puts trading, or 6x expected. Most active are 7/12 weekly 45 puts and 7/12 weekly 46 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 6.93, while ATM IV is up over 12 points on the day. Earnings are expected on August 28th.
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