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Apollo Global put volume heavy and directionally bearish

Bearish flow noted in Apollo Global with 6,779 puts trading, or 3x expected. Most active are Sep-24 102 puts and 9/13 weekly 104 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 1.67, while ATM IV is up over 3 points on the day. Earnings are expected on October 30th.

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