DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 4,197 puts trading, or 1.1x expected. Most active are 10/27 weekly 63 puts and May-24 75 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 3.25, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 1st.

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