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Cassava Sciences put volume heavy and directionally bearish
The Fly

Cassava Sciences put volume heavy and directionally bearish

Bearish flow noted in Cassava Sciences with 1,317 puts trading, or 1.4x expected. Most active are Nov-23 17.5 puts and 12/1 weekly 20 puts, with total volume in those strikes near 620 contracts. The Put/Call Ratio is 2.24, while ATM IV is up nearly 15 points on the day. Earnings are expected on November 7th.

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