Bearish flow noted in Medtronic with 4,440 puts trading, or 1.2x expected. Most active are 2/10 weekly 84 puts and 2/10 weekly 85 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.63, while ATM IV is up over 2 points on the day. Earnings are expected on February 21st.
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