Bearish flow noted in Medtronic (MDT) with 1,714 puts trading, or 3x expected. Most active are 1/2 weekly 96 puts and 12/26 weekly 97 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 2.67, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 17th.
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