Bearish flow noted in Apollo Global (APO) with 10,731 puts trading, or 3x expected. Most active are Apr-26 105 puts and Apr-26 100 puts, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 5.05, while ATM IV is up over 6 points on the day. Earnings are expected on May 1st.
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