Bearish flow noted in Kenvue Inc with 4,944 puts trading, or 4x expected. Most active are 10/11 weekly 22.5 puts and 10/4 weekly 22.5 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 5.95, while ATM IV is up over 2 points on the day. Earnings are expected on October 31st.
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