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Nebius Group NV put volume heavy and directionally bearish

Bearish flow noted in Nebius Group (NBIS) NV with 55,606 puts trading, or 6x expected. Most active are 3/28 weekly 26 puts and 3/28 weekly 22.5 puts, with total volume in those strikes near 22,200 contracts. The Put/Call Ratio is 1.54, while ATM IV is up over 16 points on the day. Earnings are expected on April 25th.

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