Bearish flow noted in Apollo Global (APO) with 1,934 puts trading, or 1.1x expected. Most active are 1/31 weekly 155 puts and 1/31 weekly 162.5 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 3.04, while ATM IV is up over 3 points on the day. Earnings are expected on February 4th.
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