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Workday put volume heavy and directionally bearish
The Fly

Workday put volume heavy and directionally bearish

Bearish flow noted in Workday with 4,097 puts trading, or 8x expected. Most active are 8/30 weekly 200 puts and Aug-24 210 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 18.54, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 22nd.

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