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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