Bearish flow noted in American Eagle with 6,549 puts trading, or 11x expected. Most active are Jan-24 20.5 puts and 1/12 weekly 20 puts, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 12.69, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 28th.
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