Bearish flow noted in GSK Pharma with 5,241 puts trading, or 4x expected. Most active are Aug-23 34 puts and Jun-23 34 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 2.85, while ATM IV is up over 2 points on the day. Earnings are expected on April 26th.
Published first on TheFly
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