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Workday put volume heavy and directionally bearish
The Fly

Workday put volume heavy and directionally bearish

Bearish flow noted in Workday with 2,789 puts trading, or 1.6x expected. Most active are 10/6 weekly 200 puts and Oct-23 200 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.91, while ATM IV is up over 1 point on the day. Earnings are expected on November 28th.

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