Bearish flow noted in Nordstrom with 5,413 puts trading, or 6x expected. Most active are Jan-25 7.5 puts and Jul-23 20.5 puts, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 14.59, while ATM IV is up over 1 point on the day. Earnings are expected on August 22nd.
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