Exelixis put volume heavy and directionally bearish
The Fly

Exelixis put volume heavy and directionally bearish

Bearish flow noted in Exelixis with 3,190 puts trading, or 7x expected. Most active are Jan-25 20 puts and Oct-24 20 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 14.70, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 6th.

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