Bearish flow noted in American Express (AXP) with 4,211 puts trading, or 1.6x expected. Most active are Dec-24 300 puts and Dec-24 240 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 2.17, while ATM IV is up over 1 point on the day. Earnings are expected on January 24th.
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