DoorDash put volume heavy and directionally bearish
The Fly

DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 7,893 puts trading, or 1.2x expected. Most active are May-24 105 puts and Jun-24 160 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 1.54, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 1st.

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