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Edwards Lifesciences put volume heavy and directionally bearish

Bearish flow noted in Edwards Lifesciences with 21,072 puts trading, or 3x expected. Most active are Sep-24 60 puts and Sep-24 75 calls, with total volume in those strikes near 22,600 contracts. The Put/Call Ratio is 2.00, while ATM IV is up nearly 4 points on the day. Earnings are expected on October 24th.

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