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BridgeBio Pharma put volume heavy and directionally bearish

Bearish flow noted in BridgeBio Pharma with 1,519 puts trading, or 2x expected. Most active are Feb-24 22.5 puts and Sep-23 25 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.78, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 2nd.

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