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Toast Inc put volume heavy and directionally bearish

Bearish flow noted in Toast Inc with 5,476 puts trading, or 9x expected. Most active are Jul-23 21 puts and Jun-23 21 calls, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 2.60, while ATM IV is up over 2 points on the day. Earnings are expected on August 9th.

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Published first on TheFly

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