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Maplebear Inc put volume heavy and directionally bearish

Bearish flow noted in Maplebear Inc with 6,479 puts trading, or 4x expected. Most active are 5/31 weekly 31.5 puts and Jun-24 35 calls, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 3.77, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 7th.

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