Bearish flow noted in Atlassian (TEAM) with 1,591 puts trading, or 1.5x expected. Most active are Jan-26 140 puts and 1/30 weekly 145 puts, with total volume in those strikes near 550 contracts. The Put/Call Ratio is 1.59, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 29th.
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