Bearish flow noted in EBay with 18,005 puts trading, or 4x expected. Most active are Feb-23 50 puts and 2/3 weekly 53 calls, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 2.78, while ATM IV is up over 3 points on the day. Earnings are expected on February 22nd.
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Published first on TheFly
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