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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