Bearish flow noted in GSK Pharma with 1,414 puts trading, or 1.9x expected. Most active are Sep-24 40.5 puts and 8/30 weekly 34.5 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.05, while ATM IV is up over 1 point on the day. Earnings are expected on October 30th.
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