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Walgreen Boots put volume heavy and directionally bearish

Bearish flow noted in Walgreen Boots with 5,301 puts trading, or 1.7x expected. Most active are Sep-25 10 puts and Jun-25 11 calls, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 1.52, while ATM IV is up over 1 point on the day. Earnings are expected on June 26th.

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