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AstraZeneca put volume heavy and directionally bearish

AstraZeneca put volume heavy and directionally bearish

Bearish flow noted in AstraZeneca (AZN) with 1,547 puts trading, or 1.9x expected. Most active are 2/14 weekly 68 puts and Feb-25 70 puts, with total volume in those strikes near 870 contracts. The Put/Call Ratio is 3.87, while ATM IV is up nearly 10 points on the day. Earnings are expected on February 6th.

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