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DigitalOcean Holdings put volume heavy and directionally bearish

Bearish flow noted in DigitalOcean (DOCN) Holdings with 7,784 puts trading, or 3x expected. Most active are 4/24 weekly 84 puts and Apr-26 84 puts, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 3.45, while ATM IV is up over 2 points on the day. Earnings are expected on May 6th.

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