Bearish flow noted in Provention Bio with 1,595 puts trading, or 1.1x expected. Most active are 3/24 weekly 20 puts and 3/31 weekly 22.5 puts, with total volume in those strikes near 570 contracts. The Put/Call Ratio is 2.52, while ATM IV is up over 1 point on the day. Earnings are expected on March 31st.
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