Bearish flow noted in Gilead with 2,180 puts trading, or 1.2x expected. Most active are Dec-23 65 puts and Dec-23 67.5 calls, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.72, while ATM IV is up over 1 point on the day. Earnings are expected on October 26th.
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