Bearish flow noted in Campbell Soup with 6,989 puts trading, or 6x expected. Most active are Jan-26 28 puts and 7/11 weekly 31 calls, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 3.89, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 28th.
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