Bearish flow noted in Teva with 5,509 puts trading, or 1.4x expected. Most active are 9/6 weekly 17 puts and Sep-24 16.5 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 5.42, while ATM IV is up over 2 points on the day. Earnings are expected on November 6th.
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