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EBay put volume heavy and directionally bearish

Bearish flow noted in EBay with 2,884 puts trading, or 1.2x expected. Most active are Feb-24 42.5 puts and 3/1 weekly 42 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.41, while ATM IV is up over 1 point on the day. Earnings are expected on February 27th.

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