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Syndax put volume heavy and directionally bearish

Bearish flow noted in Syndax with 4,829 puts trading, or 11x expected. Most active are Oct-23 10 puts and Nov-23 15 puts, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 439, while ATM IV is up over 4 points on the day. Earnings are expected on November 2nd.

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