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EHang Holdings Ltd put volume heavy and directionally bearish

Bearish flow noted in EHang (EH) Holdings Ltd with 15,882 puts trading, or 7x expected. Most active are 11/7 weekly 18 puts and 10/24 weekly 18 puts, with total volume in those strikes near 15,700 contracts. The Put/Call Ratio is 5.29, while ATM IV is up over 4 points on the day. Earnings are expected on November 18th.

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