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Astera Labs Inc put volume heavy and directionally bearish

Astera Labs Inc put volume heavy and directionally bearish

Bearish flow noted in Astera Labs Inc with 1,012 puts trading, or 1.3x expected. Most active are Aug-24 50 puts and Aug-24 55 calls, with total volume in those strikes near 970 contracts. The Put/Call Ratio is 7.03, while ATM IV is up over 8 points on the day. Earnings are expected on August 6th.

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