Bearish flow noted in Monday.com (MNDY) with 3,818 puts trading, or 3x expected. Most active are Mar-26 70 puts and Feb-26 70 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 2.45, while ATM IV is up nearly 4 points on the day. Earnings are expected on May 11th.
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