Bearish flow noted in Kenvue Inc with 2,824 puts trading, or 1.7x expected. Most active are Aug-24 18 puts and Jul-24 18 calls, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.63, while ATM IV is up over 36 points on the day. Earnings are expected on August 6th.
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