Gilead put volume heavy and directionally bearish
The Fly

Gilead put volume heavy and directionally bearish

Bearish flow noted in Gilead with 11,602 puts trading, or 6x expected. Most active are Sep-24 73 puts and Oct-24 70 puts, with total volume in those strikes near 9,900 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 1 point on the day. Earnings are expected on November 7th.

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