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DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 14,476 puts trading, or 1.3x expected. Most active are May-24 105 puts and 4/5 weekly 112 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 3.38, while ATM IV is up over 2 points on the day. Earnings are expected on May 2nd.

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