Bearish flow noted in Bath & Body Works with 2,500 puts trading, or 3x expected. Most active are 8/25 weekly 33 puts and Jun-24 32.5 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 5.67, while ATM IV is up over 1 point on the day. Earnings are expected on November 22nd.
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