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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Astera Labs Inc put volume heavy and directionally bearish
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