Bumble put volume heavy and directionally bearish
The Fly

Bumble put volume heavy and directionally bearish

Bearish flow noted in Bumble with 17,263 puts trading, or 10x expected. Most active are 3/1 weekly 10.5 puts and 3/1 weekly 11.5 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 13.57, while ATM IV is up over 4 points on the day. Earnings are expected on February 27th.

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