Bearish flow noted in Academy Sports and Outdoors with 3,364 puts trading, or 9x expected. Most active are Jul-23 54 puts and 7/28 weekly 54 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 12.84, while ATM IV is up nearly 2 points on the day. Earnings are expected on September 7th.
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