Bearish flow noted in GSK (GSK) Pharma with 3,615 puts trading, or 1.6x expected. Most active are May-25 30 puts and Aug-25 35 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 10.42, while ATM IV is up over 1 point on the day. Earnings are expected on April 30th.
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