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Iovance Biotherapeutics put volume heavy and directionally bearish

Iovance Biotherapeutics put volume heavy and directionally bearish

Bearish flow noted in Iovance Biotherapeutics with 1,107 puts trading, or 2x expected. Most active are Jul-24 8 puts and Jan-25 9 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 1.81, while ATM IV is up over 14 points on the day. Earnings are expected on August 6th.

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