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Datadog put volume heavy and directionally bearish

Bearish flow noted in Datadog with 4,000 puts trading, or 1.8x expected. Most active are 10/6 weekly 88 puts and 10/13 weekly 87 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.79, while ATM IV is up over 5 points on the day. Earnings are expected on November 9th.

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