Bullish option flow detected in Ardelyx with 4,699 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 84.04%. Mar-24 10 calls and Feb-24 9 calls are the most active options, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 0.11. Earnings are expected on February 22nd.
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Read More on ARDX:
- Ardelyx to Report Fourth Quarter and Full Year 2023 Financial Results on February 22, 2024
- Ardelyx put volume heavy and directionally bearish
- Unusually active option classes on open January 18th
- Ardelyx call volume above normal and directionally bullish
- Ardelyx price target raised to $11.50 from $10.50 at Ladenburg