Colgate Palmolive put volume heavy and directionally bearish

Bearish flow noted in Colgate Palmolive with 1,212 puts trading, or 1.2x expected. Most active are Jan-24 75 puts and Dec-23 75 puts, with total volume in those strikes near 750 contracts. The Put/Call Ratio is 2.45, while ATM IV is up over 1 point on the day. Earnings are expected on January 26th.

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