Bearish flow noted in Medtronic (MDT) with 5,070 puts trading, or 3x expected. Most active are 8/8 weekly 88 puts and Jul-25 90 calls, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 1.74, while ATM IV is up over 2 points on the day. Earnings are expected on August 19th.
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