Bearish flow noted in GSK (GSK) Pharma with 6,103 puts trading, or 5x expected. Most active are 3/14 weekly 39.5 puts and Mar-25 41.5 calls, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 1.56, while ATM IV is up over 2 points on the day. Earnings are expected on April 30th.
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