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DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 3,066 puts trading, or 1.8x expected. Most active are 10/13 weekly 79 puts and 10/13 weekly 71 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 4.18, while ATM IV is up over 1 point on the day. Earnings are expected on November 1st.

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