Bearish flow noted in Atlassian with 1,811 puts trading, or 1.7x expected. Most active are Jan-25 110 puts and 7/26 weekly 172.5 puts, with total volume in those strikes near 920 contracts. The Put/Call Ratio is 2.12, while ATM IV is up over 1 point on the day. Earnings are expected on August 1st.
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