Bearish flow noted in Gitlab with 2,548 puts trading, or 3x expected. Most active are 6/7 weekly 53 puts and 6/7 weekly 56 calls, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 4.87, while ATM IV is up over 2 points on the day. Earnings are expected on June 3rd.
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