Bearish flow noted in Teva (TEVA) with 6,307 puts trading, or 1.8x expected. Most active are Jun-25 17.5 puts and Jun-25 17 calls, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 2.47, while ATM IV is up over 2 points on the day. Earnings are expected on July 30th.
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