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DexCom put volume heavy and directionally bearish

Bearish flow noted in DexCom with 3,105 puts trading, or 2x expected. Most active are Oct-23 90 puts and Mar-24 95 calls, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 2.06, while ATM IV is up over 1 point on the day. Earnings are expected on October 26th.

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