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EHang Holdings Ltd put volume heavy and directionally bearish

Bearish flow noted in EHang (EH) Holdings Ltd with 19,568 puts trading, or 26x expected. Most active are Jul-25 19 puts and Oct-25 19 puts, with total volume in those strikes near 18,200 contracts. The Put/Call Ratio is 4.32, while ATM IV is up nearly 12 points on the day. Earnings are expected on May 27th.

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