Bearish flow noted in Altria Group (MO) with 3,972 puts trading, or 1.1x expected. Most active are 2/13 weekly 65 puts and Feb-26 64 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 1 point on the day. Earnings are expected on April 30th.
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