Bearish flow noted in EBay with 3,742 puts trading, or 1.5x expected. Most active are 3/3 weekly 50 puts and 2/24 weekly 48.5 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 3.76, while ATM IV is up over 1 point on the day. Earnings are expected on February 22nd.
Published first on TheFly
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