Bearish flow noted in Altimmune with 12,492 puts trading, or 7x expected. Most active are Apr-23 5 puts and Apr-23 6 puts, with total volume in those strikes near 10,600 contracts. The Put/Call Ratio is 1.58, while ATM IV is up nearly 4 points on the day. Earnings are expected on May 11th.
Published first on TheFly
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