Bearish flow noted in Academy Sports and Outdoors with 4,088 puts trading, or 3x expected. Most active are Dec-22 45 puts and 12/9 weekly 48 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 3.32, while ATM IV is up over 1 point on the day. Earnings are expected on December 7th.
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