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Bill.com Holdings put volume heavy and directionally bearish

Bearish flow noted in Bill.com Holdings with 3,118 puts trading, or 5x expected. Most active are Jun-24 45 puts and 4/26 weekly 68 calls, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 3.56, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.

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