Bearish flow noted in Teva with 49,286 puts trading, or 9x expected. Most active are 8/2 weekly 16 puts and Aug-24 16 puts, with total volume in those strikes near 46,800 contracts. The Put/Call Ratio is 14.03, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 31st.
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