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EHang Holdings Ltd put volume heavy and directionally bearish

Bearish flow noted in EHang (EH) Holdings Ltd with 9,281 puts trading, or 9x expected. Most active are Aug-25 17 puts and Oct-25 16 puts, with total volume in those strikes near 9,000 contracts. The Put/Call Ratio is 11.30, while ATM IV is up over 7 points on the day. Earnings are expected on August 21st.

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