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Advance Auto Parts put volume heavy and directionally bearish

Advance Auto Parts put volume heavy and directionally bearish

Bearish flow noted in Advance Auto Parts with 9,540 puts trading, or 1.6x expected. Most active are 10/25 weekly 35 puts and Oct-24 36 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 1.75, while ATM IV is up over 1 point on the day. Earnings are expected on November 13th.

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