Bearish flow noted in American Eagle with 12,558 puts trading, or 2x expected. Most active are 9/22 weekly 16 puts and Oct-23 17 calls, with total volume in those strikes near 7,300 contracts. The Put/Call Ratio is 1.79, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 21st.
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Read More on AEO:
- American Eagle price target raised to $19 from $15 at Telsey Advisory
- American Eagle price target raised to $20 from $17 at Deutsche Bank
- American Eagle price target raised to $18 from $17 at Citi
- American Eagle price target raised to $12.50 from $10.50 at BofA
- American Eagle price target raised to $22 from $19 at Barclays