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Ardelyx call volume above normal and directionally bullish
The Fly

Ardelyx call volume above normal and directionally bullish

Bullish option flow detected in Ardelyx with 6,142 calls trading, 2x expected, and implied vol increasing almost 3 points to 73.05%. Feb-24 11 calls and Feb-24 10 calls are the most active options, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 0.14. Earnings are expected on February 29th.

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