Bearish flow noted in CVS Health (CVS) with 3,196 puts trading, or 1.1x expected. Most active are Jan-26 79 puts and Mar-26 85 calls, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 1.52, while ATM IV is up over 1 point on the day. Earnings are expected on February 11th.
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