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Unusual Option Volume

MLYS Mineralys Therapeutics23.71+0.03 (+0.1%)

Mineralys Therapeutics trades 23,020 contracts. The highest volume is in the 17-Apr-26 22.5 puts.
I noticed a lot of bearish pressure coming from the options market on $MLYS. Check out this order imbalance! -807 K option volume delta. What is option volume delta?
Unusual Option Volume

MLYS Mineralys Therapeutics24.04+0.76 (+3.3%)

Mineralys Therapeutics trades 7,304 contracts. The highest volume is in the 15-May-26 30 calls, which is 24.8% above the current price.
Upcoming Earnings

MLYS Mineralys Therapeutics27.15-0.82 (-2.9%)

Mineralys Therapeutics will report earnings after the market closes. View Calendar The market is expecting a ±12.4% move after earnings are reported. The average move for the past 4 quarters of earnings has been ±4.4%. View Expected Move (Conf Call: Mar 12 4:30 PM)
$MLYS Earnings March 12 AMC. 20-Mar-26 Straddle Implies ±12.4% Move vs 6qtr Absolute Avg 8.4%
What To expect before MLYS earnings announcement?
Market Data Delayed 15 Minutes