Bullish option flow detected in Cassava Sciences with 2,804 calls trading, 1.3x expected, and implied vol increasing almost 3 points to 71.05%. 6/23 weekly 27 calls and 6/23 weekly 26.5 calls are the most active options, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 0.06. Earnings are expected on August 3rd.
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Published first on TheFly
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