Bearish flow noted in Advance Auto Parts with 2,850 puts trading, or 4x expected. Most active are Jul-24 58 puts and 7/5 weekly 71 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 5.44, while ATM IV is up over 1 point on the day. Earnings are expected on August 21st.
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