Apollo Global put volume heavy and directionally bearish
The Fly

Apollo Global put volume heavy and directionally bearish

Bearish flow noted in Apollo Global with 5,238 puts trading, or 1.5x expected. Most active are Apr-24 109 puts and 4/12 weekly 115 calls, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 4.14, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App