Bearish flow noted in Cassava Sciences with 4,997 puts trading, or 2x expected. Most active are Aug-24 10 puts and 7/12 weekly 10 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.56, while ATM IV is up nearly 12 points on the day. Earnings are expected on August 1st.
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