Bearish flow noted in Kenvue Inc with 1,084 puts trading, or 1.2x expected. Most active are 10/25 weekly 21.5 puts and Nov-24 23 calls, with total volume in those strikes near 860 contracts. The Put/Call Ratio is 3.42, while ATM IV is up over 2 points on the day. Earnings are expected on October 31st.
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