Bearish flow noted in Stubhub (STUB) Holdings, Inc. with 13,882 puts trading, or 3x expected. Most active are Nov-25 12.5 puts and Dec-25 12.5 puts, with total volume in those strikes near 9,900 contracts. The Put/Call Ratio is 1.59, while ATM IV is up nearly 6 points on the day. Earnings are expected on March 26th.
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