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EBay put volume heavy and directionally bearish

Bearish flow noted in EBay with 9,695 puts trading, or 4x expected. Most active are 9/29 weekly 43 puts and 9/29 weekly 42.5 puts, with total volume in those strikes near 6,800 contracts. The Put/Call Ratio is 3.64, while ATM IV is up over 1 point on the day. Earnings are expected on October 25th.

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