Bearish flow noted in Peloton Interactive with 11,007 puts trading, or 1.2x expected. Most active are 4/6 weekly 11.5 puts and 4/14 weekly 9 puts, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 2.17, while ATM IV is up over 5 points on the day. Earnings are expected on May 3rd.
Published first on TheFly
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