Bearish flow noted in Apollo Global (APO) with 5,072 puts trading, or 2x expected. Most active are 4/4 weekly 145 calls and Jun-25 115 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 1.50, while ATM IV is up over 3 points on the day. Earnings are expected on May 1st.
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