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KE Holdings put volume heavy and directionally bearish

Bearish flow noted in KE Holdings with 8,403 puts trading, or 4x expected. Most active are Oct-23 14.85 puts and 10/6 weekly 12.85 puts, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 9.15, while ATM IV is up over 1 point on the day. Earnings are expected on November 8th.

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