Bearish flow noted in Peloton Interactive with 18,363 puts trading, or 6x expected. Most active are Mar-23 11 puts and 3/10 weekly 11.5 puts, with total volume in those strikes near 10,700 contracts. The Put/Call Ratio is 3.57, while ATM IV is up over 6 points on the day. Earnings are expected on May 3rd.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PTON:
- Peloton Stock Falls after Losing Patent Court Case
- ITC decision won’t have major impact on Peloton service, sales, says BofA
- Peloton hit with U.S. import ban over streaming technology, Reuters reports
- Peloton Interactive, Inc. Announces Participation in the Morgan Stanley Technology, Media & Telecom Conference
- Peloton appoints Dalana Brand as CPO