Bearish flow noted in Cassava Sciences with 2,891 puts trading, or 1.5x expected. Most active are Feb-23 30 puts and Feb-23 40 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.06, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 28th.
Published first on TheFly
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