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Terns Parmaceuticles call volume above normal and directionally bullish

Bullish option flow detected in Terns Parmaceuticles with 4,711 calls trading, 5x expected, and implied vol increasing almost 8 points to 126.94%. Oct-24 12.5 calls and Oct-24 15 calls are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.26. Earnings are expected on November 12th.

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