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Verve Therapeutics put volume heavy and directionally bearish

Bearish flow noted in Verve Therapeutics (VERV) with 4,217 puts trading, or 1.1x expected. Most active are Nov-25 10 puts and Aug-25 11 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 31.24, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 14th.

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