Advance Auto Parts put volume heavy and directionally bearish
The Fly

Advance Auto Parts put volume heavy and directionally bearish

Bearish flow noted in Advance Auto Parts (AAP) with 10,054 puts trading, or 3x expected. Most active are 11/22 weekly 39.5 puts and Nov-24 31 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 1.53, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 14th.

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