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Elanco Animal Health put volume heavy and directionally bearish
The Fly

Elanco Animal Health put volume heavy and directionally bearish

Bearish flow noted in Elanco Animal Health with 2,151 puts trading, or 5x expected. Most active are Jan-24 15 puts and Jan-24 14 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 15.93, while ATM IV is up over 1 point on the day. Earnings are expected on February 21st.

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