Bearish flow noted in DoorDash with 5,408 puts trading, or 1.8x expected. Most active are May-23 55 puts and 4/28 weekly 64 calls, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 2.28, while ATM IV is up over 1 point on the day. Earnings are expected on May 4th.
Published first on TheFly
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