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Mobileye put volume heavy and directionally bearish

Bearish flow noted in Mobileye with 2,866 puts trading, or 3x expected. Most active are Aug-24 21 puts and Apr-24 30 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 12.85, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.

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