Bearish flow noted in Mondelez with 5,718 puts trading, or 16x expected. Most active are Oct-23 62 puts and Dec-23 62.5 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 2.28, while ATM IV is up over 9 points on the day. Earnings are expected on October 31st.
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