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Samsara put volume heavy and directionally bearish

Bearish flow noted in Samsara (IOT) with 2,463 puts trading, or 2x expected. Most active are May-26 25 puts and 4/10 weekly 27 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 1.70, while ATM IV is up nearly 4 points on the day. Earnings are expected on June 4th.

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