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Abbott put volume heavy and directionally bearish

Bearish flow noted in Abbott (ABT) with 7,009 puts trading, or 2x expected. Most active are 8/22 weekly 131 puts and 8/22 weekly 128 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 3.12, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 15th.

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