Bearish flow noted in Apollo Global (APO) with 11,403 puts trading, or 3x expected. Most active are Mar-26 105 puts and Mar-26 110 calls, with total volume in those strikes near 8,600 contracts. The Put/Call Ratio is 2.25, while ATM IV is up over 3 points on the day. Earnings are expected on May 1st.
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