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.
Published first on TheFly
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