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DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 1,769 puts trading, or 1.0x expected. Most active are Jan-25 90 puts and Jul-24 120 calls, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 4.02, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 1st.

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