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Siga Technologies put volume heavy and directionally bearish

Bearish flow noted in Siga Technologies with 1,035 puts trading, or 2x expected. Most active are Sep-24 9.4 puts and Oct-24 10 puts, with total volume in those strikes near 940 contracts. The Put/Call Ratio is 1.60, while ATM IV is up over 8 points on the day. Earnings are expected on November 5th.

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