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Liquidia Technologies put volume heavy and directionally bearish

Bearish flow noted in Liquidia Technologies with 7,189 puts trading, or 6x expected. Most active are Jan-25 7.5 puts and Aug-24 15 calls, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 1.71, while ATM IV is up over 5 points on the day. Earnings are expected on November 5th.

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