Bearish flow noted in Iovance Biotherapeutics with 5,142 puts trading, or 19x expected. Most active are Aug-24 8.5 puts and 8/30 weekly 8.5 calls, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 2.51, while ATM IV is up over 3 points on the day. Earnings are expected on August 6th.
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