Bearish flow noted in XPeng (XPEV) with 3,373 puts trading, or 1.4x expected. Most active are 7/11 weekly 17 puts and 7/3 weekly 17 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.13, while ATM IV is up over 1 point on the day. Earnings are expected on August 19th.
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