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EHang Holdings Ltd put volume heavy and directionally bearish

Bearish flow noted in EHang (EH) Holdings Ltd with 3,759 puts trading, or 2x expected. Most active are Aug-25 18 puts and 8/22 weekly 18 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 3.30, while ATM IV is up nearly 17 points on the day. Earnings are expected on August 21st.

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