Bearish flow noted in American Eagle (AEO) with 26,395 puts trading, or 3x expected. Most active are Apr-25 9 puts and 4/11 weekly 10 puts, with total volume in those strikes near 10,100 contracts. The Put/Call Ratio is 4.84, while ATM IV is up nearly 11 points on the day. Earnings are expected on May 28th.
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