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Applied Therapeutics put volume heavy and directionally bearish

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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