Bearish flow noted in Medtronic with 4,510 puts trading, or 6x expected. Most active are 2/23 weekly 82 puts and Feb-24 90 calls, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 4.94, while ATM IV is up over 2 points on the day. Earnings are expected on February 20th.
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