Bearish flow noted in Abercrombie & Fitch (ANF) with 2,763 puts trading, or 1.4x expected. Most active are 8/1 weekly 96 puts and 7/25 weekly 100 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 4.62, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 27th.
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