Bearish flow noted in Teva with 5,693 puts trading, or 1.4x expected. Most active are 8/30 weekly 16 puts and 9/6 weekly 16 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 4.92, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.
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