Immunovant put volume heavy and directionally bearish
The Fly

Immunovant put volume heavy and directionally bearish

Bearish flow noted in Immunovant with 4,028 puts trading, or 2.0x expected. Most active are Dec-23 22.5 puts and Oct-23 35 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 10.71, while ATM IV is up nearly 6 points on the day. Earnings are expected on November 3rd.

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