Abercrombie & Fitch put volume heavy and directionally bearish
Bearish flow noted in Abercrombie & Fitch with 2,694 puts trading, or 1.2x expected. Most active are 11/4 weekly 15 puts and Nov-16 20 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 1.61, while ATM IV is up over 2 points on the day. Earnings are expected on November 18th.