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Apollo Global put volume heavy and directionally bearish

Bearish flow noted in Apollo Global with 8,194 puts trading, or 4x expected. Most active are 10/27 weekly 83 puts and Oct-23 82 puts, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 2.38, while ATM IV is up over 2 points on the day. Earnings are expected on November 1st.

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