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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 1,722 puts trading, or 1.2x expected. Most active are 4/12 weekly 205 puts and Jul-24 210 puts, with total volume in those strikes near 720 contracts. The Put/Call Ratio is 2.00, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 25th.

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