Bearish flow noted in American Eagle with 6,984 puts trading, or 5x expected. Most active are Jan-23 13.5 puts and Jan-23 14.5 calls, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 9.67, while ATM IV is up nearly 3 points on the day. Earnings are expected on March 1st.
Published first on TheFly
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