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Immunovant put volume heavy and directionally bearish
The Fly

Immunovant put volume heavy and directionally bearish

Bearish flow noted in Immunovant with 3,253 puts trading, or 1.8x expected. Most active are Sep-23 10 puts and Oct-23 35 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.78, while ATM IV is up over 10 points on the day. Earnings are expected on November 3rd.

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