Bearish flow noted in GSK (GSK) Pharma with 5,611 puts trading, or 3x expected. Most active are Mar-25 36.5 puts and 3/14 weekly 39.5 calls, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 3.01, while ATM IV is up nearly 9 points on the day. Earnings are expected on April 30th.
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