Bearish flow noted in Medtronic with 8,052 puts trading, or 2x expected. Most active are 1/13 weekly 78 puts and 1/13 weekly 81 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 2.80, while ATM IV is up over 1 point on the day. Earnings are expected on February 21st.
Published first on TheFly
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