Bullish option flow detected in Ardelyx with 4,931 calls trading, 1.4x expected, and implied vol increasing almost 8 points to 97.35%. Jul-24 7 calls and May-24 8 calls are the most active options, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 0.24. Earnings are expected on July 31st.
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