Applied Therapeutics put volume heavy and directionally bearish

Bearish flow noted in Applied Therapeutics with 1,867 puts trading, or 3x expected. Most active are Nov-24 2.5 puts and Jan-25 2.5 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 267, while ATM IV is up over 2 points on the day. Earnings are expected on November 7th.

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