Bearish flow noted in Baxter (BAX) with 32,578 puts trading, or 27x expected. Most active are 12/5 weekly 17 puts and Dec-25 17.5 puts, with total volume in those strikes near 32,500 contracts. The Put/Call Ratio is 160, while ATM IV is up over 5 points on the day. Earnings are expected on February 19th.
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