FDA approves first generics of Lyrica

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Bearish Options Positioning in Teva Pharma (TEVA) Targets Downside in Shares Through January -Susquehanna

July 22, 2019 1:48 PM EDT

Susquehanna options strategist Alison Edwards notes bearish options positioning in Teva Pharma (NYSE: TEVA), as investors bought 22k Jan 9 Puts for $2.10. The investors buy volatility, suggesting the shares have an increased probability to trade below their breakeven of ~$6.90 (-10%).

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