8/14/2024-Unusual Options Activity In AA

$AA-Bearish flow noted in Alcoa (31.44 -0.16) with 4,164 puts trading, or 1.1x expected. The Put/Call Ratio is 2.62, while ATM IV is up nearly 5 points on the day. Earnings are expected on 10/16. The June 2025 35.00 Puts are being bought.