Bearish flow noted in Anheuser Busch with 1,773 puts trading, or 1.1x expected. Most active are Jan-26 75 calls and Jun-25 57.5 puts, with total volume in those strikes near 860 contracts. The Put/Call Ratio is 1.68, while ATM IV is up over 1 point on the day. Earnings are expected on February 26th.
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