Abercrombie & Fitch put volume heavy and directionally bearish
Bearish flow noted in Abercrombie & Fitch with 6,398 puts trading, or 5x expected. Most active are 11/4 weekly 15 puts and 11/4 weekly 14 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 6.28, while ATM IV is up over 3 points on the day. Earnings are expected on November 18th.