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Gitlab put volume heavy and directionally bearish
The Fly

Gitlab put volume heavy and directionally bearish

Bearish flow noted in Gitlab (GTLB) with 3,307 puts trading, or 1.2x expected. Most active are 12/27 weekly 58 puts and Jan-25 54 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.92, while ATM IV is up nearly 4 points on the day. Earnings are expected on March 3rd.

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