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Cassava Sciences put volume heavy and directionally bearish

Bearish flow noted in Cassava Sciences with 6,925 puts trading, or 6x expected. Most active are Nov-23 10 puts and Oct-23 14 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 1.62, while ATM IV is up over 2 points on the day. Earnings are expected on November 7th.

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