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KE Holdings put volume heavy and directionally bearish

Bearish flow noted in KE Holdings (BEKE) with 5,504 puts trading, or 3x expected. Most active are Aug-25 19 puts and 8/22 weekly 19 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 3.06, while ATM IV is up nearly 11 points on the day. Earnings are expected on August 11th.

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