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Owl Rock Capital put volume heavy and directionally bearish

Bearish flow noted in Owl Rock Capital with 2,885 puts trading, or 1.0x expected. Most active are Apr-23 12.5 puts and Dec-22 12.5 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 721, while ATM IV is up over 4 points on the day. Earnings are expected on February 22nd.

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