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Crispr Therapeutics put volume heavy and directionally bearish

Bearish flow noted in Crispr Therapeutics with 1,217 puts trading, or 2x expected. Most active are Jan-24 35 puts and Oct-23 65 calls, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 1.86, while ATM IV is up nearly 9 points on the day. Earnings are expected on October 31st.

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