Bearish flow noted in EBay with 18,912 puts trading, or 7x expected. Most active are 8/2 weekly 54 puts and Aug-24 55 puts, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 8.10, while ATM IV is up over 1 point on the day. Earnings are expected on July 31st.
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