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Atlassian put volume heavy and directionally bearish
The Fly

Atlassian put volume heavy and directionally bearish

Bearish flow noted in Atlassian with 2,587 puts trading, or 2x expected. Most active are 9/22 weekly 190 puts and 9/22 weekly 185 puts, with total volume in those strikes near 530 contracts. The Put/Call Ratio is 1.71, while ATM IV is up over 2 points on the day. Earnings are expected on November 2nd.

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