Bearish flow noted in Abercrombie & Fitch with 3,632 puts trading, or 1.5x expected. Most active are 12/29 weekly 87 puts and 1/5 weekly 86 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 3.19, while ATM IV is up over 1 point on the day. Earnings are expected on February 28th.
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