Thursday, September 29, 2016 12:05:54 PM
Teva put volume heavy and directionally bearish
Bearish flow noted in Teva with 8,348 puts trading, or 3x expected. Most active are Jan-17 45 puts and Dec-16 47.5 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 2.01, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 15th
Yet, there has been absolutely no interest in MNTA. No call buying at all.
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