Bearish flow noted in Advance Auto Parts with 9,540 puts trading, or 1.6x expected. Most active are 10/25 weekly 35 puts and Oct-24 36 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 1.75, while ATM IV is up over 1 point on the day. Earnings are expected on November 13th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAP:
- Snowflake hacker still active, recently broke into new orgs, Bloomberg reports
- Advance Auto Parts Announces Leadership Restructuring and Roles Expansion
- Advance Auto Parts price target lowered to $40 from $50 at Wells Fargo
- Advance Auto Parts price target lowered to $38 from $45 at Mizuho
- Advance Auto Parts price target lowered to $45 from $64 at Mizuho