Bearish flow noted in American Eagle with 6,352 puts trading, or 2.0x expected. Most active are 8/25 weekly 15 puts and 8/25 weekly 17 calls, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 3.25, while ATM IV is up nearly 2 points on the day. Earnings are expected on September 6th.
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