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Freshworks put volume heavy and directionally bearish

Bearish flow noted in Freshworks (FRSH) with 3,568 puts trading, or 10x expected. Most active are Feb-25 15 puts and Feb-25 20 calls, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 2.23, while ATM IV is up nearly 5 points on the day. Earnings are expected on February 11th.

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