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Bumble put volume heavy and directionally bearish

Bearish flow noted in Bumble with 6,596 puts trading, or 3x expected. Most active are 10/4 weekly 6.5 puts and 10/11 weekly 5.5 puts, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 20.36, while ATM IV is up over 3 points on the day. Earnings are expected on November 5th.

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