Philip Morris put volume heavy and directionally bearish (TheFlyOnTheWall)
FLY ON THE WALL 12:55 PM ET 9/15/2017
Symbol Last Price Change
PM 115.71down -1.02 (-0.87%)
QUOTES AS OF 02:32:33 PM ET 09/15/2017
Bearish flow noted in Philip Morris(PM) with 6,441 puts trading, or 4x expected. Most active are Sep-17 115 puts and Sep-17 114 puts, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 5.24, while ATM IV is up over 3 points on the day. Earnings are expected on October 19th.