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EHang Holdings Ltd put volume heavy and directionally bearish

Bearish flow noted in EHang (EH) Holdings Ltd with 4,333 puts trading, or 4x expected. Most active are 11/7 weekly 17.5 puts and 10/31 weekly 18 calls, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 2.57, while ATM IV is up over 1 point on the day. Earnings are expected on November 18th.

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