Bearish flow noted in GSK (GSK) Pharma with 2,330 puts trading, or 1.1x expected. Most active are 2/14 weekly 36 puts and 2/28 weekly 36 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.96, while ATM IV is up over 5 points on the day. Earnings are expected on April 30th.
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