Bearish flow noted in Horizon Pharma with 7,106 puts trading, or 3x expected. Most active are Feb-23 85 puts and Dec-22 105 calls, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 1.58, while ATM IV is up over 2 points on the day. Earnings are expected on March 1st.
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Published first on TheFly
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