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Asana put volume heavy and directionally bearish
The Fly

Asana put volume heavy and directionally bearish

Bearish flow noted in Asana with 1,047 puts trading, or 1.1x expected. Most active are Jan-24 15 puts and Jan-24 17.5 puts, with total volume in those strikes near 890 contracts. The Put/Call Ratio is 2.09, while ATM IV is up over 1 point on the day. Earnings are expected on March 6th.

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