Bearish flow noted in Colgate Palmolive with 2,925 puts trading, or 1.9x expected. Most active are Jan-23 77.5 puts and Feb-23 72.5 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 3.71, while ATM IV is up over 1 point on the day. Earnings are expected on January 27th.
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