Bearish flow noted in Kenvue Inc with 7,372 puts trading, or 2x expected. Most active are Dec-23 19.5 puts and 12/8 weekly 19.5 puts, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 8.26, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 1st.
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