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Liquidia Technologies put volume heavy and directionally bearish

Bearish flow noted in Liquidia Technologies with 4,047 puts trading, or 4x expected. Most active are Feb-24 10 puts and Feb-24 15 calls, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 3.01, while ATM IV is up over 1 point on the day. Earnings are expected on March 14th.

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