Bearish flow noted in American Eagle with 2,806 puts trading, or 2x expected. Most active are 7/26 weekly 19.5 puts and Aug-24 20 calls, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.89, while ATM IV is up nearly 2 points on the day. Earnings are expected on September 11th.
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