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Datadog put volume heavy and directionally bearish

Bearish flow noted in Datadog (DDOG) with 27,223 puts trading, or 2x expected. Most active are Jun-25 140 puts and Apr-25 125 puts, with total volume in those strikes near 8,600 contracts. The Put/Call Ratio is 3.16, while ATM IV is up over 4 points on the day. Earnings are expected on May 6th.

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