Bearish flow noted in FibroGen with 6,953 puts trading, or 1.9x expected. Most active are Jul-23 2.5 puts and Jul-23 10 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 6.40, while ATM IV is up over 7 points on the day. Earnings are expected on August 7th.
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