Bearish flow noted in American Eagle (AEO) with 4,578 puts trading, or 4x expected. Most active are Jun-26 14 puts and 5/8 weekly 16 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 2.05, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 28th.
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