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Lyft put volume heavy and directionally bearish

Bearish flow noted in Lyft (LYFT) with 6,500 puts trading, or 3x expected. Most active are Apr-26 18 puts and 1/23 weekly 19 calls, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 2.38, while ATM IV is up over 6 points on the day. Earnings are expected on February 10th.

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