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MongoDB put volume heavy and directionally bearish

Bearish flow noted in MongoDB with 4,281 puts trading, or 1.2x expected. Most active are Dec-23 240 puts and 11/3 weekly 350 calls, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.71, while ATM IV is up over 1 point on the day. Earnings are expected on December 6th.

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