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Stubhub Holdings, Inc. put volume heavy and directionally bearish

Bearish flow noted in Stubhub (STUB) Holdings, Inc. with 5,984 puts trading, or 2x expected. Most active are Mar-26 15 puts and Jan-26 12.5 calls, with total volume in those strikes near 7,100 contracts. The Put/Call Ratio is 1.64, while ATM IV is up over 1 point on the day. Earnings are expected on March 26th.

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