Bearish flow noted in Teva with 3,652 puts trading, or 1.2x expected. Most active are Jun-24 6 puts and 2/23 weekly 13 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.85, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 8th.
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