Bearish flow noted in Academy Sports and Outdoors with 1,738 puts trading, or 1.1x expected. Most active are 4/12 weekly 60 puts and Jun-24 60 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 3.03, while ATM IV is up over 1 point on the day. Earnings are expected on June 13th.
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