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Annovis Bio Inc put volume heavy and directionally bearish

Bearish flow noted in Annovis Bio Inc with 3,855 puts trading, or 1.3x expected. Most active are Oct-24 7.5 puts and Jul-24 10 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 6.27, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 14th.

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