Bearish flow noted in Kenvue Inc with 7,652 puts trading, or 14x expected. Most active are Apr-24 20 puts and 5/10 weekly 20.5 puts, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 13.76, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 7th.
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