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EBay put volume heavy and directionally bearish

Bearish flow noted in EBay with 5,480 puts trading, or 3x expected. Most active are 10/6 weekly 44 puts and Oct-23 44.5 calls, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.58, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 25th.

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