Bearish flow noted in Ebix with 5,224 puts trading, or 5x expected. Most active are 10/6 weekly 8.5 puts and 10/6 weekly 8 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 2.57, while ATM IV is up over 6 points on the day. Earnings are expected on November 9th.
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