Put Volume Grows in Advanced Auto Parts

Shares of Advanced Auto Parts Inc. AAP are trading nicely higher today, currently higher by 5.86% to $48.79. This comes on the heels of a better than expected earnings report that the company issued yesterday, after the bell. Put volume is growing on the name though. Even though the lots have been small, put volume is at 2.96x the daily average with 43% of all puts traded being purchases on the offer. Advance Auto Parts, Inc. is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States