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American Airlines put volume heavy and directionally bearish
The Fly

American Airlines put volume heavy and directionally bearish

Bearish flow noted in American Airlines with 40,730 puts trading, or 1.1x expected. Most active are 10/11 weekly 10.5 puts and Sep-24 10 puts, with total volume in those strikes near 26,900 contracts. The Put/Call Ratio is 2.51, while ATM IV is up over 2 points on the day. Earnings are expected on October 24th.

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