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DexCom put volume heavy and directionally bearish

Bearish flow noted in DexCom with 6,346 puts trading, or 3x expected. Most active are Sep-23 95 puts and Oct-23 90 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 5.20, while ATM IV is up over 2 points on the day. Earnings are expected on October 26th.

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