Bearish flow noted in Cloudflare with 3,512 puts trading, or 1.1x expected. Most active are 10/6 weekly 56 puts and 10/6 weekly 57 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.56, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 2nd.
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