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Blue Owl Capital put volume heavy and directionally bearish

Bearish flow noted in Blue Owl Capital (OWL) with 14,803 puts trading, or 3x expected. Most active are Mar-26 11 puts and Jan-27 10 puts, with total volume in those strikes near 11,700 contracts. The Put/Call Ratio is 1.67, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 5th.

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