Bearish flow noted in American Airlines with 28,326 puts trading, or 1.9x expected. Most active are 6/18 weekly 5 puts and Feb-24 15 calls, with total volume in those strikes near 25,800 contracts. The Put/Call Ratio is 3.54, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.
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