Pnt Biopharma Global put volume heavy and directionally bearish
The Fly

Pnt Biopharma Global put volume heavy and directionally bearish

Bearish flow noted in Pnt Biopharma Global with 4,193 puts trading, or 1.4x expected. Most active are Jan-24 12.5 puts and Apr-24 12.5 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 3.23, while ATM IV is up over 1 point on the day.

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