Bearish flow noted in Teva with 6,212 puts trading, or 2x expected. Most active are 11/10 weekly 8 puts and 11/10 weekly 8.5 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 4.35, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 8th.
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