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Cardinal Health put volume heavy and directionally bearish
The Fly

Cardinal Health put volume heavy and directionally bearish

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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