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Blue Owl Capital put volume heavy and directionally bearish

Bearish flow noted in Blue Owl Capital (OWL) with 8,299 puts trading, or 1.7x expected. Most active are Jan-26 15 puts and Jan-26 14 puts, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 27.39, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 5th.

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