Bearish flow noted in CVS Health with 11,582 puts trading, or 2x expected. Most active are 12/2 weekly 100 puts and Feb-23 87.5 puts, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 2.16, while ATM IV is up over 1 point on the day. Earnings are expected on February 8th.
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