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Bumble put volume heavy and directionally bearish

Bearish flow noted in Bumble (BMBL) with 1,038 puts trading, or 1.2x expected. Most active are 5/30 weekly 6 puts and May-25 6 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.17, while ATM IV is up over 4 points on the day. Earnings are expected on August 6th.

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