Bearish flow noted in Teva (TEVA) with 37,689 puts trading, or 3x expected. Most active are Mar-25 12 puts and Mar-25 15 puts, with total volume in those strikes near 28,000 contracts. The Put/Call Ratio is 2.57, while ATM IV is up over 2 points on the day. Earnings are expected on January 29th.
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