Bearish flow noted in Viatris with 2,061 puts trading, or 1.4x expected. Most active are 12/30 weekly 11 calls and 1/6 weekly 11 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.51, while ATM IV is up nearly 18 points on the day. Earnings are expected on February 27th.
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