Bullish option flow detected in Ardelyx with 3,055 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 94.92%. May-24 7 calls and Apr-24 4.5 calls are the most active options, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 0.03. Earnings are expected on May 1st.
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