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Horizon Pharma put volume heavy and directionally bearish
The Fly

Horizon Pharma put volume heavy and directionally bearish

Bearish flow noted in Horizon Pharma with 21,275 puts trading, or 12x expected. Most active are Oct-23 110 puts and Jan-24 115 puts, with total volume in those strikes near 12,900 contracts. The Put/Call Ratio is 29.39, while ATM IV is up over 3 points on the day. Earnings are expected on November 1st.

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