Bearish flow noted in Danaher with 1,704 puts trading, or 1.5x expected. Most active are 1/26 weekly 220 puts and 1/12 weekly 225 puts, with total volume in those strikes near 500 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 3 points on the day. Earnings are expected on January 30th.
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