Bearish flow noted in Sarepta (SRPT) with 2,723 puts trading, or 1.9x expected. Most active are Jan-27 7.5 puts and Jan-27 50 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.75, while ATM IV is up over 2 points on the day. Earnings are expected on August 6th.
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