Bearish flow noted in American Eagle (AEO) with 1,815 puts trading, or 1.0x expected. Most active are 3/14 weekly 11 puts and 3/14 weekly 10 puts, with total volume in those strikes near 710 contracts. The Put/Call Ratio is 3.39, while ATM IV is up over 1 point on the day. Earnings are expected on March 12th.
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Read More on AEO:
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- American Eagle price target lowered to $16 from $20 at TD Cowen
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