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DoorDash put volume heavy and directionally bearish
The Fly

DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 6,409 puts trading, or 1.5x expected. Most active are Feb-23 45 puts and Jan-23 40 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.27, while ATM IV is up over 1 point on the day. Earnings are expected on February 16th.

Published first on TheFly

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