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DigitalOcean Holdings put volume heavy and directionally bearish

Bearish flow noted in DigitalOcean Holdings with 1,364 puts trading, or 1.6x expected. Most active are Sep-23 25 puts and Nov-23 22.5 puts, with total volume in those strikes near 590 contracts. The Put/Call Ratio is 1.77, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 6th.

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