Bearish flow noted in American Airlines with 28,862 puts trading, or 1.8x expected. Most active are Apr-24 14.5 puts and 4/5 weekly 14.5 puts, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 1.66, while ATM IV is up over 3 points on the day. Earnings are expected on April 25th.
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