Bearish flow noted in Medtronic (MDT) with 4,555 puts trading, or 3x expected. Most active are 8/29 weekly 91 puts and Aug-25 92.5 calls, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 1.61, while ATM IV is up over 1 point on the day. Earnings are expected on August 19th.
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