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DoorDash put volume heavy and directionally bearish
The Fly

DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 7,026 puts trading, or 1.0x expected. Most active are May-24 100 puts and May-24 115 puts, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 3.29, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.

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