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DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash (DASH) with 11,039 puts trading, or 2.0x expected. Most active are May-25 180 puts and Jun-25 185 puts, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 2.29, while ATM IV is up over 1 point on the day. Earnings are expected on July 31st.

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