9/8/2023-Unusual Options Activity In AEO

$AEO-Bearish flow noted in American Eagle (16.02 -0.75) with 12,558 puts trading, or 2x expected. The Put/Call Ratio is 1.79, while ATM IV is up nearly 2 points on the day. Earnings are expected on 11/21. The OCT 20th 17.00 & 15.00 Puts are being bought.