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Dropbox put volume heavy and directionally bearish
The Fly

Dropbox put volume heavy and directionally bearish

Bearish flow noted in Dropbox with 1,796 puts trading, or 1.3x expected. Most active are Aug-24 22.5 puts and Jan-26 15 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 9.55, while ATM IV is up nearly 26 points on the day. Earnings are expected on November 7th.

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