Bearish flow noted in Apollo Global with 5,238 puts trading, or 1.5x expected. Most active are Apr-24 109 puts and 4/12 weekly 115 calls, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 4.14, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
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 APO:
- UK Stocks: Entain (ENT) Shares Gain Amid Takeover Chatter
- Apollo Global price target raised to $133 from $122 at Barclays
- Apollo Global price target raised to $122 from $111 at BMO Capital
- M&A News: Paramount (NASDAQ:PARA) Plunges on Skydance Talks
- DoorDash initiated, Block downgraded: Wall Street’s top analyst calls