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Peloton Interactive call volume above normal and directionally bullish

Bullish option flow detected in Peloton Interactive with 13,879 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 73.48%. 12/22 weekly 6 calls and 12/1 weekly 5.5 calls are the most active options, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 0.22. Earnings are expected on January 31st.

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