Bearish flow noted in Medtronic (MDT) with 25,355 puts trading, or 7x expected. Most active are Jun-25 100 calls and Jan-26 85 puts, with total volume in those strikes near 7,900 contracts. The Put/Call Ratio is 2.02, while ATM IV is up nearly 10 points on the day. Earnings are expected on May 21st.
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