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DexCom put volume heavy and directionally bearish

Bearish flow noted in DexCom (DXCM) with 12,968 puts trading, or 19x expected. Most active are Sep-25 77 puts and 9/26 weekly 77 puts, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 12.03, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 30th.

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