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DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 5,204 puts trading, or 3x expected. Most active are Sep-24 115 puts and Sep-24 125 calls, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 3.49, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 30th.

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