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Applied Therapeutics put volume heavy and directionally bearish

Bearish flow noted in Applied Therapeutics with 2,256 puts trading, or 1.7x expected. Most active are Nov-24 2.5 puts and Nov-24 5 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 19.12, while ATM IV is up over 6 points on the day. Earnings are expected on November 7th.

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