Bearish flow noted in EBay (EBAY) with 5,461 puts trading, or 1.2x expected. Most active are Jun-25 57.5 puts and Mar-25 66 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 8.91, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 30th.
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