Bearish flow noted in American Eagle (AEO) with 23,911 puts trading, or 6x expected. Most active are Jun-25 10 puts and 4/11 weekly 10 puts, with total volume in those strikes near 20,200 contracts. The Put/Call Ratio is 4.90, while ATM IV is up nearly 12 points on the day. Earnings are expected on May 28th.
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