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DigitalOcean Holdings put volume heavy and directionally bearish
The Fly

DigitalOcean Holdings put volume heavy and directionally bearish

Bearish flow noted in DigitalOcean Holdings with 3,796 puts trading, or 8x expected. Most active are Sep-23 30 calls and Jan-24 22.5 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 10 points on the day. Earnings are expected on November 6th.

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