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Blue Owl Capital put volume heavy and directionally bearish

Bearish flow noted in Blue Owl Capital (OWL) with 14,892 puts trading, or 1.1x expected. Most active are Mar-26 12 calls and Mar-26 10 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 1.79, while ATM IV is up nearly 4 points on the day. Earnings are expected on April 30th.

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