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EHang Holdings Ltd put volume heavy and directionally bearish

Bearish flow noted in EHang (EH) Holdings Ltd with 28,971 puts trading, or 6x expected. Most active are Feb-25 16 puts and Apr-25 19 puts, with total volume in those strikes near 20,100 contracts. The Put/Call Ratio is 2.07, while ATM IV is up over 19 points on the day. Earnings are expected on March 13th.

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