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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 (GSK) Pharma with 14,964 puts trading, or 17x expected. Most active are 11/1 weekly 37 puts and 11/1 weekly 38.5 calls, with total volume in those strikes near 19,700 contracts. The Put/Call Ratio is 1.63, while ATM IV is up over 1 point on the day. Earnings are expected on October 30th.

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