Bearish flow noted in Sarepta (SRPT) with 10,645 puts trading, or 6x expected. Most active are Aug-25 45 puts and Jan-26 65 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 1.70, while ATM IV is up over 32 points on the day. Earnings are expected on May 6th.
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