Bullish option flow detected in Cassava Sciences with 13,643 calls trading, 5x expected, and implied vol increasing over 11 points to 112.86%. Nov-22 45 calls and Nov-22 40 calls are the most active options, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 0.24. Earnings are expected on February 28th.
Published first on TheFly
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