Bearish flow noted in Advance Auto Parts with 5,576 puts trading, or 6x expected. Most active are 3/3 weekly 139 puts and 3/3 weekly 136 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 6.37, while ATM IV is up over 1 point on the day. Earnings are expected on May 22nd.
Published first on TheFly
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