Bearish flow noted in Cardinal Health with 1,942 puts trading, or 3x expected. Most active are 11/11 weekly 73 puts and Nov-22 70 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.81, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 2nd.
Published first on TheFly
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