Aurinia Pharmaceuticals put volume heavy and directionally bearish
The Fly

Aurinia Pharmaceuticals put volume heavy and directionally bearish

Bearish flow noted in Aurinia Pharmaceuticals with 4,024 puts trading, or 7x expected. Most active are Dec-23 8 puts and Dec-23 8 calls, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 2.62, while ATM IV is up nearly 8 points on the day. Earnings are expected on February 27th.

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