Short-Term Calls Sold in AAP

Shares of Advanced Auto Parts Inc. AAP are higher on the session by 2.47%, currently trading $50.20. The stock hit a high on the session of $50.98 before pulling back slightly. While the stock was rising, traders were selling the May $50 call, which expires today for $0.85. This was done nearly 3,400 times. What this says is that the top is in for the stock today. AAP is trading significantly above the 50-day moving averages and may be due for a further pullback in June as well. Advance Auto Parts, Inc. is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States.