Bearish flow noted in DoorDash with 7,772 puts trading, or 1.6x expected. Most active are Feb-23 40 puts and Feb-23 65 calls, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 2.53, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 15th.
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Published first on TheFly
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