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DigitalOcean Holdings put volume heavy and directionally bearish

Bearish flow noted in DigitalOcean (DOCN) Holdings with 2,073 puts trading, or 2x expected. Most active are Apr-26 74 puts and 4/24 weekly 74 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 5.06, while ATM IV is up over 1 point on the day. Earnings are expected on May 6th.

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