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Apellis Pharmaceuticals call volume above normal and directionally bullish
The Fly

Apellis Pharmaceuticals call volume above normal and directionally bullish

Bullish option flow detected in Apellis Pharmaceuticals with 2,842 calls trading, 2x expected, and implied vol increasing over 1 point to 50.60%. Apr-23 65 calls and Apr-23 70 calls are the most active options, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 0.03. Earnings are expected on May 3rd.

Published first on TheFly

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