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Stubhub Holdings, Inc. put volume heavy and directionally bearish

Bearish flow noted in Stubhub (STUB) Holdings, Inc. with 13,130 puts trading, or 6x expected. Most active are Nov-25 20 puts and Nov-25 17.5 puts, with total volume in those strikes near 9,300 contracts. The Put/Call Ratio is 2.13, while ATM IV is up nearly 6 points on the day. Earnings are expected on November 13th.

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