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Peloton Interactive call volume above normal and directionally bullish

Bullish option flow detected in Peloton Interactive with 16,619 calls trading, 3x expected, and implied vol increasing almost 4 points to 81.60%. Jan-24 7.5 calls and Nov-23 6 calls are the most active options, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 0.63. Earnings are expected on January 31st.

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