Bullish option flow detected in Ardelyx with 4,840 calls trading, 2x expected, and implied vol increasing over 1 point to 82.78%. Jan-24 5 calls and Jul-24 10 calls are the most active options, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 0.14. Earnings are expected on February 29th.
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