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Baxter put volume heavy and directionally bearish
The Fly

Baxter put volume heavy and directionally bearish

Bearish flow noted in Baxter with 2,434 puts trading, or 2x expected. Most active are Jun-24 32.5 puts and 5/31 weekly 36 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 16.45, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 25th.

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