KE Holdings put volume heavy and directionally bearish

Bearish flow noted in KE Holdings (BEKE) with 13,351 puts trading, or 9x expected. Most active are Feb-25 17 puts and Feb-25 17.5 puts, with total volume in those strikes near 12,400 contracts. The Put/Call Ratio is 5.50, while ATM IV is up over 3 points on the day. Earnings are expected on March 20th.

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