Bearish flow noted in DocuSign (DOCU) with 4,735 puts trading, or 1.8x expected. Most active are Dec-27 25 puts and 2/6 weekly 54 calls, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 3.61, while ATM IV is up nearly 3 points on the day. Earnings are expected on March 12th.
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