Splunk put volume heavy and directionally bearish
The Fly

Splunk put volume heavy and directionally bearish

Bearish flow noted in Splunk with 3,310 puts trading, or 1.0x expected. Most active are Oct-23 145 puts and 9/29 weekly 145 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.27, while ATM IV is up over 1 point on the day. Earnings are expected on November 29th.

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