Bearish flow noted in Avadel Pharmaceuticals with 4,006 puts trading, or 7x expected. Most active are Apr-24 15 puts and Apr-24 17.5 calls, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 5.44, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
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