Bearish flow noted in Liquidia (LQDA) Technologies with 2,353 puts trading, or 4x expected. Most active are Jul-25 12.5 puts and Nov-25 15 calls, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 1.73, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 6th.
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