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EBay put volume heavy and directionally bearish

Bearish flow noted in EBay (EBAY) with 6,760 puts trading, or 1.4x expected. Most active are 4/24 weekly 106 calls and May-26 110 calls, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 1.53, while ATM IV is up over 1 point on the day. Earnings are expected on April 29th.

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