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EXACT Sciences put volume heavy and directionally bearish

Bearish flow noted in EXACT Sciences with 1,766 puts trading, or 1.9x expected. Most active are Dec-22 25 puts and 12/9 weekly 49 calls, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.50, while ATM IV is up over 6 points on the day. Earnings are expected on February 21st.

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Published first on TheFly

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