Bearish flow noted in Advance Auto Parts (AAP) with 13,035 puts trading, or 6x expected. Most active are Dec-24 30 puts and Jan-26 27.5 puts, with total volume in those strikes near 11,900 contracts. The Put/Call Ratio is 7.07, while ATM IV is up nearly 5 points on the day. Earnings are expected on November 14th.
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