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Colgate Palmolive put volume heavy and directionally bearish

Bearish flow noted in Colgate Palmolive with 5,365 puts trading, or 2x expected. Most active are May-25 85 puts and Jun-25 100 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 3.99, while ATM IV is up over 7 points on the day. Earnings are expected on April 25th.

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