Syndax put volume heavy and directionally bearish
The Fly

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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