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Abercrombie & Fitch put volume heavy and directionally bearish
The Fly

Abercrombie & Fitch put volume heavy and directionally bearish

Bearish flow noted in Abercrombie & Fitch with 3,684 puts trading, or 1.3x expected. Most active are 3/8 weekly 60 puts and 3/1 weekly 96 puts, with total volume in those strikes near 550 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 3 points on the day. Earnings are expected on March 6th.

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