Bearish flow noted in XPeng (XPEV) with 5,038 puts trading, or 1.2x expected. Most active are 6/27 weekly 18 puts and Jan-26 11 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 1.57, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 19th.
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