Bearish flow noted in EHang Holdings Ltd with 5,295 puts trading, or 6x expected. Most active are Jan-25 15 puts and Jan-26 12.5 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 7.71, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 30th.
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