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Zeta Global Holdings put volume heavy and directionally bearish

Bearish flow noted in Zeta Global (ZETA) Holdings with 2,540 puts trading, or 2x expected. Most active are 2/14 weekly 20 puts and 2/28 weekly 25 calls, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.71, while ATM IV is up over 3 points on the day. Earnings are expected on February 25th.

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