Bearish flow noted in Teva (TEVA) with 22,082 puts trading, or 5x expected. Most active are 8/22 weekly 17.5 puts and 8/22 weekly 19 calls, with total volume in those strikes near 20,600 contracts. The Put/Call Ratio is 1.89, while ATM IV is up nearly 4 points on the day. Earnings are expected on November 5th.
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