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Doximity put volume heavy and directionally bearish

Bearish flow noted in Doximity (DOCS) with 4,572 puts trading, or 1.6x expected. Most active are Apr-25 60 puts and Apr-25 65 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 6.13, while ATM IV is up over 2 points on the day. Earnings are expected on May 15th.

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