Bearish flow noted in CVS Health with 49,778 puts trading, or 4x expected. Most active are Mar-23 90 puts and Mar-23 87.5 puts, with total volume in those strikes near 23,800 contracts. The Put/Call Ratio is 2.51, while ATM IV is up over 1 point on the day. Earnings are expected on May 3rd.
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Published first on TheFly
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