Bearish flow noted in Peloton Interactive with 9,525 puts trading, or 1.0x expected. Most active are 5/5 weekly 8.5 puts and Dec-23 9 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 1.53, while ATM IV is up nearly 4 points on the day. Earnings are expected on May 4th.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PTON:
- Peloton Interactive, Inc. Announces Third Quarter Fiscal 2023 Earnings Release Date, Conference Call and Webcast
- Peloton initiated with Sector Weight on near-term pressures at KeyBanc
- Peloton initiated with a Sector Weight at KeyBanc
- Peloton web traffic decelerated in Q3, says Morgan Stanley
- Peloton Interactive put volume heavy and directionally bearish
