Bullish option flow detected in Ardelyx with 3,829 calls trading, 1.1x expected, and implied vol increasing over 4 points to 96.18%. Apr-24 9 calls and 3/28 weekly 7.5 calls are the most active options, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 0.13. Earnings are expected on May 1st.
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