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Asana put volume heavy and directionally bearish

Bearish flow noted in Asana with 1,047 puts trading, or 1.1x expected. Most active are Jan-24 15 puts and Jan-24 17.5 puts, with total volume in those strikes near 890 contracts. The Put/Call Ratio is 2.09, while ATM IV is up over 1 point on the day. Earnings are expected on March 6th.

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