Bearish flow noted in DoorDash with 16,196 puts trading, or 2.0x expected. Most active are May-23 50 puts and May-23 55 puts, with total volume in those strikes near 13,700 contracts. The Put/Call Ratio is 6.55, while ATM IV is up over 2 points on the day. Earnings are expected on May 4th.
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Published first on TheFly
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