Bearish flow noted in Horizon Pharma with 3,647 puts trading, or 4x expected. Most active are Mar-23 100 puts and Feb-23 109 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 21.08, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 1st.
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Published first on TheFly
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