Bearish flow noted in WeRide (WRD) Inc (ADR) with 1,322 puts trading, or 4x expected. Most active are Aug-25 7.5 puts and Aug-25 10 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.52, while ATM IV is up over 2 points on the day. Earnings are expected on July 31st.
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