Bearish flow noted in Teva (TEVA) with 18,300 puts trading, or 6x expected. Most active are 9/26 weekly 18.5 puts and 9/26 weekly 18 puts, with total volume in those strikes near 13,800 contracts. The Put/Call Ratio is 3.12, while ATM IV is up over 1 point on the day. Earnings are expected on November 5th.
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