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Klarna Group PLC put volume heavy and directionally bearish

Bearish flow noted in Klarna (KLAR) Group PLC with 11,775 puts trading, or 4x expected. Most active are Jun-26 12.5 puts and Sep-26 10 puts, with total volume in those strikes near 10,500 contracts. The Put/Call Ratio is 6.18, while ATM IV is up nearly 8 points on the day. Earnings are expected on May 19th.

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