Bearish flow noted in CVS Health (CVS) with 11,019 puts trading, or 3x expected. Most active are 9/12 weekly 72 puts and 9/12 weekly 73 calls, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 1.69, while ATM IV is up over 3 points on the day. Earnings are expected on November 5th.
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