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BridgeBio Pharma put volume heavy and directionally bearish

Bearish flow noted in BridgeBio Pharma with 1,661 puts trading, or 1.6x expected. Most active are May-24 20 puts and Nov-23 30 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.73, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 2nd.

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