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Roivant Sciences put volume heavy and directionally bearish

Bearish flow noted in Roivant Sciences with 3,918 puts trading, or 5x expected. Most active are Jan-24 10 puts and Aug-24 11 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 16.39, while ATM IV is up over 1 point on the day. Earnings are expected on February 12th.

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