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Bilibili put volume heavy and directionally bearish

Bilibili put volume heavy and directionally bearish

Bearish flow noted in Bilibili (BILI) with 7,195 puts trading, or 2x expected. Most active are Apr-25 15 puts and Apr-25 14 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.63, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 13th.

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