Bearish flow noted in American Eagle (AEO) with 10,821 puts trading, or 4x expected. Most active are Jan-25 16 puts and 1/24 weekly 15.5 puts, with total volume in those strikes near 8,000 contracts. The Put/Call Ratio is 9.82, while ATM IV is up nearly 3 points on the day. Earnings are expected on March 4th.
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