Bearish flow noted in Liquidia (LQDA) Technologies with 4,031 puts trading, or 1.4x expected. Most active are Sep-25 30 puts and Oct-25 20 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.55, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 12th.
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