Bearish flow noted in Iovance Biotherapeutics with 7,040 puts trading, or 8x expected. Most active are 8/9 weekly 7 puts and Aug-24 7 puts, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 2.76, while ATM IV is up over 2 points on the day. Earnings are expected on August 8th.
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