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Annovis Bio Inc put volume heavy and directionally bearish

Annovis Bio Inc put volume heavy and directionally bearish

Bearish flow noted in Annovis Bio Inc with 2,397 puts trading, or 1.5x expected. Most active are May-24 7.5 puts and Jul-24 25 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 3.08, while ATM IV is up over 10 points on the day. Earnings are expected on May 9th.

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