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Abbott put volume heavy and directionally bearish

Bearish flow noted in Abbott (ABT) with 38,311 puts trading, or 1.6x expected. Most active are Feb-26 125 puts and Feb-26 130 puts, with total volume in those strikes near 22,900 contracts. The Put/Call Ratio is 3.11, while ATM IV is up over 1 point on the day. Earnings are expected on April 15th.

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