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Walgreen Boots put volume heavy and directionally bearish

Bearish flow noted in Walgreen Boots with 8,109 puts trading, or 1.8x expected. Most active are Mar-24 20 puts and Apr-24 20 puts, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 1.59, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 28th.

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