Bullish option flow detected in Apellis Pharmaceuticals with 12,227 calls trading, 3x expected, and implied vol increasing almost 21 points to 105.67%. Jan-24 100 calls and Jan-24 65 calls are the most active options, with total volume in those strikes near 11,300 contracts. The Put/Call Ratio is 0.05. Earnings are expected on February 20th.
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