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Crispr Therapeutics put volume heavy and directionally bearish

Bearish flow noted in Crispr Therapeutics with 7,080 puts trading, or 8x expected. Most active are 11/3 weekly 38 puts and Nov-23 45 calls, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 1.80, while ATM IV is up over 9 points on the day. Earnings are expected on October 31st.

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