Bullish option flow detected in Apellis Pharmaceuticals with 3,580 calls trading, 2x expected, and implied vol increasing almost 6 points to 116.69%. Aug-23 35 calls and Aug-23 30 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.25. Earnings are expected on November 6th.
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