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EHang Holdings Ltd put volume heavy and directionally bearish

Bearish flow noted in EHang Holdings Ltd with 4,576 puts trading, or 3x expected. Most active are Jun-24 16 puts and Oct-24 16 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 13.82, while ATM IV is up over 1 point on the day. Earnings are expected on August 15th.

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