Bearish flow noted in Cassava Sciences with 1,641 puts trading, or 1.2x expected. Most active are May-24 12.5 puts and 11/24 weekly 21 calls, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 1.82, while ATM IV is up over 4 points on the day. Earnings are expected on February 28th.
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