Bearish flow noted in Peloton Interactive with 6,452 puts trading, or 1.7x expected. Most active are 12/1 weekly 5.5 puts and 12/1 weekly 5.5 calls, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 2.05, while ATM IV is up over 1 point on the day. Earnings are expected on January 31st.
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