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Chindata Group put volume heavy and directionally bearish

Chindata Group put volume heavy and directionally bearish

Bearish flow noted in Chindata Group with 3,574 puts trading, or 2x expected. Most active are Dec-23 7.5 puts and Jan-24 7.5 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 20.31, while ATM IV is up over 4 points on the day. Earnings are expected on November 28th.

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