Bearish flow noted in Cassava Sciences with 2,380 puts trading, or 2x expected. Most active are 7/5 weekly 9 puts and Aug-24 7.5 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 1.50, while ATM IV is up over 6 points on the day. Earnings are expected on August 1st.
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