Bearish flow noted in ImmunityBio with 4,466 puts trading, or 4x expected. Most active are Apr-24 4 puts and May-24 4 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.52, while ATM IV is up nearly 40 points on the day. Earnings are expected on May 9th.
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