Bearish Options Activity in American Eagle Outfitters (AEO) Targets Downside in Shares Into 2Q Earnings on Aug. 29th BMO -Susquehanna
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Price: $15.06 +1.01%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.3%
Revenue Growth %: +6.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.3%
Revenue Growth %: +6.6%
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Susquehanna options strategist Alison Edwards notes bearish options activity in American Eagle Outfitters (NYSE: AEO) ahead of second quarter earnings announcement on August 29th before the market open, as investors bought ~4k Aug31 26 Puts for $0.70, implying stock has increased potential for downside below $26. An investor also sold 5k Sep 30 Calls at 0.60, suggesting stock’s upside is limited above $30.
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