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.
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Published first on TheFly
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