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Stubhub Holdings, Inc. put volume heavy and directionally bearish

Bearish flow noted in Stubhub (STUB) Holdings, Inc. with 22,902 puts trading, or 14x expected. Most active are 3/13 weekly 8.5 puts and 3/6 weekly 8.5 puts, with total volume in those strikes near 22,200 contracts. The Put/Call Ratio is 4.04, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 4th.

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