Bearish flow noted in Mondelez with 22,883 puts trading, or 17x expected. Most active are Jun-24 55 puts and 10/13 weekly 62 puts, with total volume in those strikes near 19,100 contracts. The Put/Call Ratio is 9.23, while ATM IV is up over 1 point on the day. Earnings are expected on October 31st.
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