Bearish flow noted in Apollo Global with 4,397 puts trading, or 1.4x expected. Most active are 6/14 weekly 112 puts and 6/7 weekly 113 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 7.98, while ATM IV is up over 1 point on the day. Earnings are expected on August 1st.
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