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Colgate Palmolive put volume heavy and directionally bearish

Bearish flow noted in Colgate Palmolive with 7,163 puts trading, or 3x expected. Most active are Nov-23 60 puts and Jan-24 60 puts, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 10.47, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 27th.

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