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Atlassian put volume heavy and directionally bearish

Atlassian put volume heavy and directionally bearish

Bearish flow noted in Atlassian with 1,722 puts trading, or 1.2x expected. Most active are 4/12 weekly 205 puts and Jul-24 210 puts, with total volume in those strikes near 720 contracts. The Put/Call Ratio is 2.00, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 25th.

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