Bearish flow noted in IVERIC bio with 6,868 puts trading, or 9x expected. Most active are Jun-23 25 puts and May-23 30 calls, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 19.18, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 3rd.
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Published first on TheFly
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