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Peloton Interactive call volume above normal and directionally bullish

Bullish option flow detected in Peloton (PTON) Interactive with 12,969 calls trading, 1.6x expected, and implied vol increasing almost 3 points to 79.48%. 10/3 weekly 9 calls and Oct-25 10 calls are the most active options, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 0.08. Earnings are expected on November 6th.

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