Mixed options sentiment in Peloton Interactive (PTON), with shares down 3c near $6.93. Options volume relatively light with 22k contracts traded and calls leading puts for a put/call ratio of 0.07, compared to a typical level near 0.22. Implied volatility (IV30) is higher by 1.7 points near 69.39,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.30. Put-call skew steepened, indicating increased demand for downside protection.
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