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Bumble put volume heavy and directionally bearish
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Bumble put volume heavy and directionally bearish

Bearish flow noted in Bumble with 17,263 puts trading, or 10x expected. Most active are 3/1 weekly 10.5 puts and 3/1 weekly 11.5 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 13.57, while ATM IV is up over 4 points on the day. Earnings are expected on February 27th.

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