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Revolution Medicines put volume heavy and directionally bearish

Bearish flow noted in Revolution Medicines (RVMD) with 5,848 puts trading, or 3x expected. Most active are Feb-26 90 puts and Apr-26 80 puts, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 15.59, while ATM IV is up over 1 point on the day. Earnings are expected on February 25th.

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