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Kenvue Inc put volume heavy and directionally bearish

Bearish flow noted in Kenvue (KVUE) Inc with 4,679 puts trading, or 1.1x expected. Most active are Jan-26 17 puts and Jan-26 16 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.81, while ATM IV is up nearly 6 points on the day. Earnings are expected on February 5th.

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