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SoFi Technologies put volume heavy and directionally bearish

Bearish flow noted in SoFi Technologies with 76,692 puts trading, or 2x expected. Most active are 12/22 weekly 10 calls and Feb-24 8 puts, with total volume in those strikes near 48,500 contracts. The Put/Call Ratio is 1.58, while ATM IV is up over 3 points on the day. Earnings are expected on January 29th.

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