Bearish flow noted in American Eagle with 1,514 puts trading, or 1.2x expected. Most active are Jun-25 18 puts and 9/6 weekly 22 calls, with total volume in those strikes near 900 contracts. The Put/Call Ratio is 2.36, while ATM IV is up nearly 4 points on the day. Earnings are expected on November 26th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEO:
- American Eagle price target lowered to $23 from $25 at Telsey Advisory
- American Eagle price target lowered to $23 from $25 at TD Cowen
- American Eagle price target lowered to $34 from $35 at UBS
- American Eagle price target lowered to $26 from $32 at Barclays
- Salesforce strength helps market weather Nvidia post-earnings dip: Morning Buzz