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Teva put volume heavy and directionally bearish

Bearish flow noted in Teva with 6,226 puts trading, or 6x expected. Most active are Mar-24 10 puts and Jan-25 17 puts, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 1.76, while ATM IV is up over 7 points on the day. Earnings are expected on January 31st.

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