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DexCom put volume heavy and directionally bearish

Bearish flow noted in DexCom with 9,935 puts trading, or 2x expected. Most active are Nov-23 90 puts and Nov-23 100 calls, with total volume in those strikes near 8,900 contracts. The Put/Call Ratio is 1.53, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 8th.

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