Bearish flow noted in Atlassian with 1,174 puts trading, or 1.2x expected. Most active are Jul-23 155 puts and 6/30 weekly 157.5 puts, with total volume in those strikes near 510 contracts. The Put/Call Ratio is 1.75, while ATM IV is up over 1 point on the day. Earnings are expected on August 10th.
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Published first on TheFly
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