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Annovis Bio Inc put volume heavy and directionally bearish

Bearish flow noted in Annovis Bio Inc with 10,378 puts trading, or 2x expected. Most active are Jul-24 2.5 puts and Jun-24 10 calls, with total volume in those strikes near 9,100 contracts. The Put/Call Ratio is 4.26, while ATM IV is up nearly 9 points on the day. Earnings are expected on August 14th.

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