Puts Sold in Advanced Auto Parts

Shares of Advanced Auto Parts Inc. AAP are on the rise today by 1.64%, currently trading $46.50. The stock’s chart looks dynamite, with APP nearing its 52-week high of $47.41. It appears that it will make a run at that level. Puts are being sold in the name today as well, mostly in the front month contract. Put volume is running 4.28x the average with over 1,100 puts sold in May. Advance Auto Parts, Inc. is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States.