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Bumble put volume heavy and directionally bearish

Bearish flow noted in Bumble with 5,149 puts trading, or 2x expected. Most active are Feb-24 12 puts and Jan-24 20 calls, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 16.94, while ATM IV is up over 1 point on the day. Earnings are expected on February 21st.

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