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Colgate Palmolive put volume heavy and directionally bearish

Bearish flow noted in Colgate Palmolive with 7,140 puts trading, or 8x expected. Most active are Jun-25 90 puts and 6/13 weekly 92 puts, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 16.19, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 25th.

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