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ChargePoint Holdings put volume heavy and directionally bearish

Bearish flow noted in ChargePoint Holdings with 12,349 puts trading, or 1.3x expected. Most active are 10/6 weekly 5 puts and 9/29 weekly 5 puts, with total volume in those strikes near 9,800 contracts. The Put/Call Ratio is 4.42, while ATM IV is up over 4 points on the day. Earnings are expected on December 7th.

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