Bearish flow noted in Cloudflare with 5,089 puts trading, or 1.1x expected. Most active are 10/6 weekly 62 puts and 10/13 weekly 62 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.77, while ATM IV is up over 6 points on the day. Earnings are expected on November 2nd.
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