Bearish flow noted in Verona Pharma (VRNA) with 2,937 puts trading, or 1.6x expected. Most active are Jul-25 90 puts and Jul-25 100 calls, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 1.60, while ATM IV is up over 1 point on the day. Earnings are expected on August 7th.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRNA:
- Wolfe starts Verona Pharma at Outperform on Ohtuvayre’s strong start
- Verona Pharma initiated with an Outperform at Wolfe Research
- Verona Pharma price target raised to $160 from $76 at Piper Sandler
- Verona Pharma price target raised to $138 from $107 at Wells Fargo
- Strong Buy Rating for Verona Pharma’s Ohtuvayre Amidst Undervalued Peak Sales Potential and Growing Market Demand