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Monster Beverage put volume heavy and directionally bearish

Bearish flow noted in Monster Beverage with 1,710 puts trading, or 2.0x expected. Most active are Mar-24 50 puts and Jun-24 55 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.93, while ATM IV is up over 1 point on the day. Earnings are expected on February 27th.

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