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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 (BAX) with 1,626 puts trading, or 1.1x expected. Most active are Dec-24 30 puts and Nov-24 29 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 4.10, while ATM IV is up over 2 points on the day. Earnings are expected on February 6th.

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