Bullish option flow detected in Ardelyx with 8,598 calls trading, 1.7x expected, and implied vol increasing almost 8 points to 131.59%. Apr-24 10 calls and Mar-24 9 calls are the most active options, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 0.07. Earnings are expected on May 1st.
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