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Toast Inc put volume heavy and directionally bearish

Toast Inc put volume heavy and directionally bearish

Bearish flow noted in Toast (TOST) Inc with 8,421 puts trading, or 1.9x expected. Most active are 12/13 weekly 38 puts and 12/13 weekly 38.5 puts, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 4.62, while ATM IV is up over 2 points on the day. Earnings are expected on February 13th.

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