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Verona Pharma call volume above normal and directionally bullish

Bullish option flow detected in Verona Pharma with 4,342 calls trading, 1.9x expected, and implied vol increasing almost 3 points to 80.04%. Dec-24 30 calls and Jul-24 20 calls are the most active options, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 0.31. Earnings are expected on August 1st.

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