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Doximity put volume heavy and directionally bearish

Bearish flow noted in Doximity (DOCS) with 2,672 puts trading, or 1.8x expected. Most active are Jan-26 50 puts and Apr-25 60 puts, with total volume in those strikes near 680 contracts. The Put/Call Ratio is 5.66, while ATM IV is up over 1 point on the day. Earnings are expected on May 15th.

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