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IVERIC bio call volume above normal and directionally bullish

Bullish option flow detected in IVERIC bio with 14,285 calls trading, 3x expected, and implied vol increasing over 19 points to 30.78%. Jul-23 40 calls and Jul-23 33 puts are the most active options, with total volume in those strikes near 11,100 contracts. The Put/Call Ratio is 0.59. Earnings are expected on August 1st.

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