Bearish flow noted in CVS Health (CVS) with 4,643 puts trading, or 2x expected. Most active are Mar-26 73 puts and Apr-26 70 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.61, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 6th.
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