Bearish flow noted in Peabody Energy with 6,500 puts trading, or 2.0x expected. Most active are 4/5 weekly 23.5 puts and Apr-24 19 puts, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 2.03, while ATM IV is up over 3 points on the day. Earnings are expected on April 25th.
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