Bearish flow noted in Campbell Soup with 9,184 puts trading, or 7x expected. Most active are 1/23 weekly 25 puts and Jan-28 40 calls, with total volume in those strikes near 7,600 contracts. The Put/Call Ratio is 3.69, while ATM IV is up over 2 points on the day. Earnings are expected on March 11th.
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