BridgeBio Pharma put volume heavy and directionally bearish
The Fly

BridgeBio Pharma put volume heavy and directionally bearish

Bearish flow noted in BridgeBio Pharma with 1,954 puts trading, or 1.7x expected. Most active are Aug-23 30 puts and Sep-23 25 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.77, while ATM IV is up nearly 5 points on the day. Earnings are expected on November 2nd.

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