Bearish flow noted in Altimmune (ALT) with 3,340 puts trading, or 4x expected. Most active are 12/12 weekly 5 puts and 12/12 weekly 5.5 calls, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 1.70, while ATM IV is up over 47 points on the day. Earnings are expected on February 26th.
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