Bearish flow noted in Teva with 1,319 puts trading, or 1.1x expected. Most active are 7/26 weekly 16.5 puts and Sep-24 18 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.65, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 31st.
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