Bearish flow noted in American Eagle with 2,806 puts trading, or 2x expected. Most active are 7/26 weekly 19.5 puts and Aug-24 20 calls, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.89, while ATM IV is up nearly 2 points on the day. Earnings are expected on September 11th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEO:
- American Eagle call volume above normal and directionally bullish
- American Eagle earnings selloff a buying opportunity, says Barclays
- American Eagle price target lowered to $18 from $19 at Morgan Stanley
- AEO Earnings: American Eagle Stock Down on Mixed Q1 Results
- American Eagle backs FY24 revenue growth view 2%-4%, consensus $5.44B