Bearish flow noted in American Airlines (AAL) with 147,180 puts trading, or 6x expected. Most active are 3/6 weekly 10 puts and 6/18 weekly 5 puts, with total volume in those strikes near 68,400 contracts. The Put/Call Ratio is 2.82, while ATM IV is up over 2 points on the day. Earnings are expected on April 23rd.
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