Bearish flow noted in Avadel Pharmaceuticals (AVDL) with 1,671 puts trading, or 1.1x expected. Most active are Dec-25 20 puts and Dec-25 25 calls, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 3.80, while ATM IV is up over 1 point on the day. Earnings are expected on March 2nd.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVDL:
- Avadel Pharmaceuticals Receives Superior Proposal from Lundbeck
- Avadel board declares Lundbeck proposal superior to Alkermes offer
- Truist thinks Alkermes can make counter offer acceptable to Avadel board
- Midday Fly By: Walmart names new CEO, Merck acquires Cidara
- Avadel Pharmaceuticals up 21% at $23.30 after acquisition proposal from Lundbeck