Bearish flow noted in Medtronic (MDT) with 4,708 puts trading, or 2x expected. Most active are Apr-26 85 puts and 3/27 weekly 87 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 7.34, while ATM IV is up over 1 point on the day. Earnings are expected on May 20th.
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