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Dropbox put volume heavy and directionally bearish
The Fly

Dropbox put volume heavy and directionally bearish

Bearish flow noted in Dropbox with 4,551 puts trading, or 3x expected. Most active are Jan-25 10 puts and 2/24 weekly 21 calls, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 1.76, 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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