Bearish flow noted in KE Holdings (BEKE) with 6,823 puts trading, or 1.4x expected. Most active are Jun-25 18 puts and Jan-26 19.85 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 4.81, while ATM IV is up over 2 points on the day. Earnings are expected on August 11th.
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