Apellis Pharmaceuticals put volume heavy and directionally bearish
The Fly

Apellis Pharmaceuticals put volume heavy and directionally bearish

Bearish flow noted in Apellis Pharmaceuticals with 4,906 puts trading, or 5x expected. Most active are 11/10 weekly 31 puts and 11/10 weekly 44 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 3.96, while ATM IV is up nearly 11 points on the day. Earnings are expected on February 20th.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on APLS:

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App