Bullish option flow detected in Ardelyx with 3,947 calls trading, 1.1x expected, and implied vol increasing almost 4 points to 77.68%. Jul-24 10 calls and Jan-24 7.5 calls are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.17. Earnings are expected on February 29th.
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