Bearish flow noted in Ebix with 1,854 puts trading, or 1.5x expected. Most active are 11/10 weekly 3.5 puts and 11/10 weekly 4 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 4.23, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 9th.
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