Bearish flow noted in Nordstrom with 5,088 puts trading, or 3x expected. Most active are Jan-24 17.5 puts and Sep-23 22.5 puts, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 5.66, while ATM IV is up over 1 point on the day. Earnings are expected on August 24th.
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