Apellis Pharmaceuticals call volume above normal and directionally bullish
The Fly

Apellis Pharmaceuticals call volume above normal and directionally bullish

Bullish option flow detected in Apellis Pharmaceuticals with 2,130 calls trading, 1.4x expected, and implied vol increasing over 2 points to 86.51%. Nov-23 50 calls and Nov-23 70 calls are the most active options, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 0.12. Earnings are expected on November 1st.

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