Walgreen Boots put volume heavy and directionally bearish

Bearish flow noted in Walgreen Boots with 19,161 puts trading, or 4x expected. Most active are Jan-25 10 puts and 1/10 weekly 9.5 puts, with total volume in those strikes near 15,100 contracts. The Put/Call Ratio is 2.96, while ATM IV is up over 4 points on the day. Earnings are expected on January 10th.

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