Bearish flow noted in XPeng (XPEV) with 5,404 puts trading, or 3x expected. Most active are 8/1 weekly 17 puts and 7/25 weekly 18.5 puts, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 1.55, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 19th.
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