Bearish flow noted in American Eagle with 7,058 puts trading, or 18x expected. Most active are 1/13 weekly 15 puts and Jan-23 15 puts, with total volume in those strikes near 6,900 contracts. The Put/Call Ratio is 33.45, while ATM IV is up over 3 points on the day. Earnings are expected on March 1st.
Published first on TheFly
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