Bearish flow noted in Weibo (WB) with 4,146 puts trading, or 3x expected. Most active are Jan-26 6.7 puts and 5/9 weekly 8 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 13.87, while ATM IV is up over 13 points on the day. Earnings are expected on May 22nd.
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