Bearish flow noted in Peabody Energy (BTU) with 1,587 puts trading, or 1.2x expected. Most active are 3/28 weekly 10 puts and 3/28 weekly 12 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 3.70, while ATM IV is up over 2 points on the day. Earnings are expected on May 1st.
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