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Perrigo put volume heavy and directionally bearish

Bearish flow noted in Perrigo with 3,331 puts trading, or 102x expected. Most active are Nov-23 25 puts and Dec-23 25 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 95.17, while ATM IV is up nearly 12 points on the day. Earnings are expected on November 7th.

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