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DigitalOcean Holdings put volume heavy and directionally bearish

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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