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Bumble put volume heavy and directionally bearish
The Fly

Bumble put volume heavy and directionally bearish

Bearish flow noted in Bumble with 6,596 puts trading, or 3x expected. Most active are 10/4 weekly 6.5 puts and 10/11 weekly 5.5 puts, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 20.36, while ATM IV is up over 3 points on the day. Earnings are expected on November 5th.

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