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UiPath put volume heavy and directionally bearish

Bearish flow noted in UiPath (PATH) with 5,763 puts trading, or 6x expected. Most active are 5/30 weekly 10.5 puts and Jun-25 8 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 2.24, while ATM IV is up over 2 points on the day. Earnings are expected on May 29th.

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