Bearish flow noted in Advance Auto Parts (AAP) with 1,235 puts trading, or 1.5x expected. Most active are Jun-26 40 puts and 11/7 weekly 40 puts, with total volume in those strikes near 690 contracts. The Put/Call Ratio is 1.61, while ATM IV is up over 1 point on the day. Earnings are expected on February 11th.
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