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Joby Aviation put volume heavy and directionally bearish

Bearish flow noted in Joby Aviation with 2,526 puts trading, or 5x expected. Most active are Feb-24 5 puts and 2/2 weekly 6.5 calls, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.87, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 21st.

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