Bearish flow noted in Apollo Global with 24,792 puts trading, or 12x expected. Most active are Jan-23 52.5 puts and Jan-23 47 puts, with total volume in those strikes near 20,200 contracts. The Put/Call Ratio is 18.53, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 9th.
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Published first on TheFly
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