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Biohaven put volume heavy and directionally bearish

Bearish flow noted in Biohaven (BHVN) with 4,365 puts trading, or 5x expected. Most active are Nov-25 10 puts and Nov-25 5 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 2.01, while ATM IV is up over 22 points on the day. Earnings are expected on November 10th.

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