Bearish flow noted in DexCom with 4,870 puts trading, or 4x expected. Most active are Mar-24 65 puts and Jan-25 145 calls, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 5 points on the day. Earnings are expected on October 26th.
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Read More on DXCM:
- DexCom price target lowered to $115 from $150 at Citi
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- DexCom price target lowered to $98 from $131 at Morgan Stanley
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- DexCom put volume heavy and directionally bearish
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