Advance Auto Parts, Inc. (NYSE:AAP) is up 0.3% to trade at $152.80 this afternoon, but don't expect that to last. The security just neared a historically bearish trendline on the charts, which could have shares adding to their 34.9% year-over-year deficit. Plus, the stock is running into overhead pressure at the $155 region, which rejected an early January rally.

An unwinding of optimism among options traders could generate additional headwinds. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), AAP's 50-day call/put volume ratio of 2.19 sits higher than 89% of annual readings, indicating long calls have been picked up at a much quicker-than-usual clip.

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