Bearish flow noted in Mondelez with 5,900 puts trading, or 2x expected. Most active are 10/27 weekly 60 puts and Oct-23 61 puts, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 4.53, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 1st.
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