Applied Therapeutics put volume heavy and directionally bearish

Bearish flow noted in Applied Therapeutics with 4,299 puts trading, or 1.6x expected. Most active are Dec-24 5 puts and Oct-24 7.5 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 29.05, while ATM IV is up over 22 points on the day. Earnings are expected on November 7th.

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