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Coca Cola put volume heavy and directionally bearish

Bearish flow noted in Coca Cola with 72,502 puts trading, or 4x expected. Most active are Jun-24 45 puts and May-24 45 puts, with total volume in those strikes near 57,400 contracts. The Put/Call Ratio is 3.08, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 24th.

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