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DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 4,859 puts trading, or 1.1x expected. Most active are Jul-24 110 puts and 7/26 weekly 115 calls, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 1.51, while ATM IV is up over 1 point on the day. Earnings are expected on August 1st.

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