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Zscaler put volume heavy and directionally bearish
The Fly

Zscaler put volume heavy and directionally bearish

Bearish flow noted in Zscaler with 2,986 puts trading, or 1.8x expected. Most active are Jan-24 222.5 puts and Jan-24 225 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.52, while ATM IV is up over 1 point on the day. Earnings are expected on February 29th.

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