Bearish flow noted in Advance Auto Parts with 8,058 puts trading, or 1.5x expected. Most active are Apr-24 85 puts and 4/5 weekly 79 puts, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 2.74, while ATM IV is up over 5 points on the day. Earnings are expected on May 30th.
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