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Abercrombie & Fitch put volume heavy and directionally bearish

Bearish flow noted in Abercrombie & Fitch (ANF) with 4,315 puts trading, or 1.2x expected. Most active are 12/12 weekly 95 puts and Dec-25 90 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 2.44, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 4th.

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