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Ardelyx call volume above normal and directionally bullish
The Fly

Ardelyx call volume above normal and directionally bullish

Bullish option flow detected in Ardelyx with 8,598 calls trading, 1.7x expected, and implied vol increasing almost 8 points to 131.59%. Apr-24 10 calls and Mar-24 9 calls are the most active options, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 0.07. Earnings are expected on May 1st.

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