Bearish flow noted in Cassava Sciences with 1,045 puts trading, or 1.3x expected. Most active are Nov-23 15 puts and Nov-23 12.5 puts, with total volume in those strikes near 540 contracts. The Put/Call Ratio is 3.08, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 28th.
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