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DeFi Development Corp put volume heavy and directionally bearish

Bearish flow noted in DeFi Development (DFDV) Corp with 1,487 puts trading, or 1.6x expected. Most active are 10/24 weekly 17.5 puts and Oct-25 15 puts, with total volume in those strikes near 650 contracts. The Put/Call Ratio is 3.86, while ATM IV is up over 5 points on the day. Earnings are expected on November 11th.

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