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Hesai Group put volume heavy and directionally bearish

Hesai Group put volume heavy and directionally bearish

Bearish flow noted in Hesai (HSAI) Group with 12,123 puts trading, or 20x expected. Most active are Mar-25 20 puts and Apr-25 22.5 puts, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 7.12, while ATM IV is up over 29 points on the day. Earnings are expected on May 29th.

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