Cassava Sciences put volume heavy and directionally bearish
The Fly

Cassava Sciences put volume heavy and directionally bearish

Bearish flow noted in Cassava Sciences (SAVA) with 2,978 puts trading, or 1.3x expected. Most active are Nov-24 27 puts and Dec-24 10 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.82, while ATM IV is up over 40 points on the day. Earnings are expected on November 7th.

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