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DigitalOcean Holdings put volume heavy and directionally bearish

Bearish flow noted in DigitalOcean Holdings with 3,796 puts trading, or 8x expected. Most active are Sep-23 30 calls and Jan-24 22.5 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 10 points on the day. Earnings are expected on November 6th.

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