Bearish flow noted in American Eagle with 2,986 puts trading, or 1.7x expected. Most active are Jan-24 20 puts and Jan-24 19 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 3.12, while ATM IV is up over 2 points on the day. Earnings are expected on February 28th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AEO:
- American Eagle price target raised to $19 from $15 at TD Cowe
- American Eagle price target lowered to $13 from $14 at Morgan Stanley
- American Eagle falls -15.8%
- American Eagle seeing sustained momentum across brands, QTD revenue up MSD
- American Eagle sees low single digit revenue growth in 2024, consensus $5.12B
