Bearish flow noted in Thermo Fisher (TMO) with 1,184 puts trading, or 3x expected. Most active are Oct-25 430 puts and Mar-26 490 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 16.68, while ATM IV is up over 1 point on the day. Earnings are expected on October 22nd.
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