Bearish flow noted in GSK (GSK) Pharma with 3,896 puts trading, or 8x expected. Most active are 6/27 weekly 40 puts and Jul-25 40 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 13.57, while ATM IV is up over 9 points on the day. Earnings are expected on July 30th.
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