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DocuSign put volume heavy and directionally bearish

DocuSign put volume heavy and directionally bearish

Bearish flow noted in DocuSign (DOCU) with 3,209 puts trading, or 1.3x expected. Most active are Nov-24 55 puts and Nov-24 60 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 5.40, while ATM IV is up over 2 points on the day. Earnings are expected on December 5th.

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