Bearish flow noted in Amgen (AMGN) with 6,559 puts trading, or 1.0x expected. Most active are Feb-25 240 puts and 1/10 weekly 260 calls, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 3.72, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 4th.
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