Bearish flow noted in Exelixis with 1,222 puts trading, or 1.2x expected. Most active are Nov-24 22 puts and Nov-24 21 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.16, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 6th.
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