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Abivax put volume heavy and directionally bearish

Bearish flow noted in Abivax (ABVX) with 1,293 puts trading, or 2x expected. Most active are 5/29 weekly 108 puts and Jun-26 85 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.61, while ATM IV is up over 2 points on the day. Earnings are expected on September 8th.

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