Bullish option flow detected in Cassava Sciences with 6,731 calls trading, 2x expected, and implied vol increasing over 7 points to 107.58%. 12/9 weekly 35 calls and Dec-22 35 calls are the most active options, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 0.12. Earnings are expected on February 28th.
Published first on TheFly
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