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Coca Cola put volume heavy and directionally bearish

Bearish flow noted in Coca Cola with 33,233 puts trading, or 4x expected. Most active are Aug-24 65 puts and 8/9 weekly 69 puts, with total volume in those strikes near 13,700 contracts. The Put/Call Ratio is 2.49, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 22nd.

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