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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