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GSR III Acquisition Corp put volume heavy and directionally bearish

Bearish flow noted in GSR III Acquisition (GSRT) Corp with 1,298 puts trading, or 1.0x expected. Most active are Sep-25 10 puts and Sep-25 7.5 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 3.12, while ATM IV is up nearly 3 points on the day.

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