Bearish flow noted in Apollo Global with 1,656 puts trading, or 1.7x expected. Most active are 7/28 weekly 73 puts and 7/28 weekly 75 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 9.00, while ATM IV is up over 1 point on the day. Earnings are expected on August 3rd.
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