Bearish flow noted in EBay (EBAY) with 4,891 puts trading, or 1.6x expected. Most active are Feb-26 81 puts and 2/27 weekly 82 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 1.60, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 18th.
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