Bearish flow noted in CVS Health (CVS) with 3,674 puts trading, or 1.5x expected. Most active are 2/27 weekly 74 puts and 2/27 weekly 73 calls, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 1.51, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 29th.
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