Bearish flow noted in GSK (GSK) Pharma with 1,694 puts trading, or 4x expected. Most active are 2/7 weekly 34 puts and Jan-27 28 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 9.01, while ATM IV is up over 3 points on the day. Earnings are expected on February 5th.
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