Bumble put volume heavy and directionally bearish
The Fly

Bumble put volume heavy and directionally bearish

Bearish flow noted in Bumble with 23,475 puts trading, or 7x expected. Most active are 7/26 weekly 9.5 puts and 7/12 weekly 9 calls, with total volume in those strikes near 23,600 contracts. The Put/Call Ratio is 28.52, while ATM IV is up over 5 points on the day. Earnings are expected on August 6th.

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