Applied Therapeutics put volume heavy and directionally bearish

Bearish flow noted in Applied Therapeutics with 5,352 puts trading, or 6x expected. Most active are Oct-24 5 puts and Oct-24 7.5 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 33.45, while ATM IV is up nearly 13 points on the day. Earnings are expected on November 7th.

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