Bearish flow noted in Peabody Energy with 2,837 puts trading, or 1.2x expected. Most active are Apr-24 24 puts and 2/23 weekly 17 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 3.14, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 13th.
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