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GSK Pharma put volume heavy and directionally bearish
The Fly

GSK Pharma put volume heavy and directionally bearish

Bearish flow noted in GSK Pharma with 4,338 puts trading, or 2.0x expected. Most active are Jul-24 40 puts and 6/28 weekly 39 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 5.25, while ATM IV is up over 3 points on the day. Earnings are expected on July 31st.

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