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DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 9,624 puts trading, or 1.1x expected. Most active are Nov-23 84 puts and 11/10 weekly 88 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 2.53, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 15th.

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